$DXYZ Fund Soars 818%, Valued at 10x Holdings in Two Weeks

A new investment fund, identified by its ticker $DXYZ, which holds stakes in prominent private technology companies such as SpaceX, Stripe, and OpenAI, has experienced a dramatic surge in market value, with an increase of +95%. Within just two weeks of trading, the fund's market capitalization has skyrocketed by as much as 818%, reaching figures significantly higher than its actual holdings. Initially, the fund was reported to have a market cap of $586 million against $45 million in stock holdings, indicating a trading multiple over 10 times its underlying assets. This valuation later expanded to a market cap of $644 million, further emphasizing the disparity between the fund's market price and its holdings. The phenomenon has sparked discussions among investors and observers, with some questioning whether the fund's valuation is justified or if it's becoming akin to a meme coin adorned with logos of its high-profile investments.