AI Infrastructure Investments
SuRo Capital's strategic focus on AI infrastructure has led to significant gains. CoreWeave, OpenAI, and VAST Data are key holdings. CoreWeave now trades at 3x its IPO price, and OpenAI's potential $1 trillion IPO could represent roughly 1/3 of net assets.
Portfolio Valuation Increase
Net asset value increased to $9.23 per share from $8.93, driven by appreciation in key positions and successful monetizations, including $4.7 million in realized gains from CoreWeave.
New Investment in Hyperliquid
SuRo Capital invested $5 million in HL Digital Assets, Inc., which holds a position in HYPE, a digital token of Hyperliquid, one of the fastest-growing decentralized exchanges.
Strong Performance from WHOOP
WHOOP continues to show strong performance with advancements in health technology, contributing significantly to portfolio value.
Dividend Declaration and Share Repurchase
A $0.25 per share cash dividend was declared, with plans for additional dividends. The Board extended the share repurchase program and authorized note repurchases to enhance shareholder value.