OGBC Group and founder Jayden Wei announced on April 13 that their early-stage investment in C1 Fund has produced its first portfolio company exit, following BitGo’s successful public listing in January 2026.
Wei served as the first investor in C1 Group LLC in late 2022, backing the fund’s ‘picks-and-shovels’ approach to crypto infrastructure well before its August 2025 NYSE debut.
BitGo exit
BitGo, a digital asset custody and infrastructure company, raised $212.8 million in its IPO and began trading on January 22 under the ticker BTGO. The stock opened above its $18 offer price, briefly implying a valuation of $2.59 billion against $2.08 billion at the IPO price.
The company reported net income of $35.3 million in the first nine months of 2025, according to Reuters, making it one of the few profitable crypto firms to list. It supports approximately $104 billion in assets on platform and over 4,900 institutional clients.
The exit arrived less than six months after C1 Fund’s own IPO, in which it raised $60 million.
Infrastructure, not tokens
C1 Fund is a closed-end investment company that gives public-market investors equity exposure to private and late-stage digital asset infrastructure companies rather than direct cryptocurrency holdings. As of December 31, 2025, the fund had committed over $30 million across portfolio companies spanning custody, blockchain analytics, developer platforms and regulated financial services.
“From an investment perspective, BitGo exemplifies the type of business we seek to back, one with strong institutional adoption, a critical role in market infrastructure and a clear path to operating within regulated financial markets,” said Elliot Han, Chief Investment Officer of C1 Fund.
The fund’s broader portfolio includes positions in Kraken, Ripple and Consensys, according to C1 Fund materials.
