DNA Fund Acquires Coral Capital Holdings LLC, Expanding Its Investment Capabilities in High-Ticket Emerging Tech and Web3

By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients.

DNA Fund Acquires Coral Capital to Expand Digital Asset Investment Offerings

DNA Fund, a leading institution in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings LLC, an established investment management firm that has previously handled millions in the DNA founders' personal funds.

Known for their early-stage investments in prominent Web3 brands and involvement in some of the sector's most notable projects, DNA and its founders have played a role in ventures like Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. This acquisition will see DNA Fund handling an additional AUM of over $50 million, encompassing Coral's high-yield hedge funds and venture funds that target DeFi, AI, blockchain, and other emerging technology sectors. Some of Coral's top-performing investments include Near Protocol and Atmos Labs.

Thomas L. McLaughlin, Coral's Chief Investment Officer, will continue in his role, handling the funds with a unique focus and strategy aimed at maximizing investor returns.

Commenting on the acquisition, Christopher Miglino, CEO of DNA Fund, said, "By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients. Our combined expertise allows us to navigate the complexities of the digital asset landscape and continue delivering value to our investors.”

Thomas L. McLaughlin, CIO of Coral Capital Holdings, added, "Joining forces with DNA Fund is an exciting new chapter for Coral. Our shared vision for leveraging technology to drive financial growth is perfectly aligned. Together, we are set to redefine what's possible in digital asset investments and deliver superior results for our investors.”

Since its launch in 2021, Coral has consistently delivered with its innovative strategies, achieving high multiples on the benchmark of the overall market cap of digital assets. Coral's Flagship fund, which began as a market-neutral vehicle in 2022, was later rebranded as a discretionary liquid token, navigating several high-volatility events, including FTX and Terra.

With a 61.6% return (net of fees) and a maximum annual drawdown of only 11.6% in FY 2022, these funds have outperformed the broader digital asset market. Over a similar period, Bitcoin returned 36.7%.

Through this acquisition, DNA Fund also aims to capitalize on the growing interest from institutional investors and expand into several new verticals over the coming year, including a Bitcoin & Ether Yield Fund, as well as more speculative funds focused on AI, memecoins and microcaps.

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About DNA Holdings Venture Inc.(DNA Fund):

Established in 2013, DNA Holdings Venture Inc. has been a leading institution in the digital asset investment space and at the forefront of the next global financial ecosystem. Co-founded by Brock Pierce, a pioneering innovator and investor in the blockchain industry, and Scott Walker, a key figure in early crypto adoption and one of the most successful investors in the history of the space, DNA Fund leverages its deep industry knowledge to drive innovation and provide value to investors worldwide.

About Coral Capital Holdings LLC

Founded in 2021, Coral Capital Holdings LLC has been a trusted name in crypto fund management, with a focus on delivering innovative strategies and strong returns for its investors. Under DNA's leadership, Coral continues to build on its legacy of excellence with a renewed focus on emerging opportunities in digital assets and technology.

For further information, please contact:

Investor Relations

DNA Holdings Venture Inc.

[email protected]

Media Contact

Jonny Hesketh

Luna PR, [email protected], +971 555 496776