3 Comma Capital

🇵🇹 Bem-vindo, Rui Almeida! ⭐ O Rui junta-se à 3 Comma Capital para liderar a Direção Financeira e Controlo Interno, reforçando a nossa estrutura com a sua sólida experiência em auditoria, reporting financeiro e controlo de gestão. A sua integração marca mais um passo importante no crescimento e profissionalização da nossa operação. Estamos certos de que o seu rigor técnico e capacidade analítica serão essenciais para consolidar os nossos processos e elevar ainda mais os padrões de governação interna da 3 Comma Capital. Desejamos-lhe as maiores felicidades e sucesso nesta nova etapa. 🚀 Bem-vindo, Rui! 🤝 -------------------------------------------------------------------------- 🇬🇧 Welcome, Rui Almeida! ⭐ Rui joins 3 Comma Capital to lead the Finance and Internal Control Department, bringing with him a solid background in auditing, financial reporting, and management control. His integration marks another important step in the growth and professionalization of our operations. We are confident that his technical expertise and analytical mindset will be instrumental in strengthening our processes and further raising our internal governance standards. We wish him the best of luck and success in this new chapter. 🚀 Welcome aboard, Rui! 🤝 #Welcome #BoasVindas #DesenvolvimentoDeNegócios #Equipa #Newhire #Team #Business #Fundmanagement #Growing #Hiring #3CommaCapital

3 Comma Capital is excited to share that we have joined the Circle Alliance Program, a global network of like-minded companies and teams focused on the future of finance. As members, we are looking forward to building new connections and continuing to learn and innovate with #USDC and #Web3 technology. 👉 Learn more about the Alliance Program: https://lnkd.in/d2ndSPRd 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬

📢 Portugal Golden Income Fund | 𝐌𝐚𝐫𝐜𝐡 2025 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 In March, the Portugal Golden Income Fund posted a return of -2.31%, reflecting ongoing global market volatility and macroeconomic uncertainty. 📊 Key Developments Persistent pressure in U.S. markets, tariff war, evolving central bank policies, and global inflationary concerns shaped performance. The #Fed held rates steady amid revised growth and inflation forecasts, while the #ECB lowered its key interest rates by 25 basis points. This was the ECB sixth rate cut since June 2024. ⚖️ Portfolio Highlights Digital assets contributed a -77 bps drag, although exposure was reduced in February below 10% in anticipation of volatility. #Bitcoin concluded the first quarter of 2025 down 12%, around the $82,000 level in its weakest quarterly performance since 2018, despite reaching a new all-time high of $109,000 in January. 3 Comma Capital 3% allocation to #Gold added +12 bps, validating the Fund’s defensive stance. The fixed income portfolio, composed of 8 investment-grade issuers, showed resilience, outperforming the broader European credit market in March by ~50 bps. The Portugal Golden Income Fund bond portfolio presents a well-balanced profile, with an average maturity of approximately 3.61 years and a corresponding modified duration of 2.75, indicating a moderate sensitivity to interest rate movements. The portfolio's average yield to maturity stands at 3.97%, offering attractive income potential relative to current market conditions. The equity allocation, detracted -104 bps, impacted by currency effects and broader U.S. equity volatility, despite reduced exposure. 🌐 Looking Ahead While current market valuations appear relatively attractive compared to recent averages, the evolving macroeconomic environment warrants continued caution. The Fund maintains its defensive positioning while remaining prepared to capture strategic opportunities across asset classes. 💡 Stay informed and follow us for future updates. 👉 Learn more about the Portugal Golden Income Fund: https://lnkd.in/d5k5HCnp 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #FixedIncome #DigitalAssets #GoldenVisaPortugal #CapitalPreservation #MultiAssetStrategy #PortugalGoldenIncomeFund #3CommaCapital #FundUpdate #AssetManagement #EuropeanBonds #InvestmentStrategy #AlternativeInvestments #PGI #Bonds #ResidencybyInvestment

𝐋𝐚𝐫𝐫𝐲 𝐅𝐢𝐧𝐤’𝐬 𝐀𝐧𝐧𝐮𝐚𝐥 𝐋𝐞𝐭𝐭𝐞𝐫: 𝐖𝐡𝐞𝐧 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝’𝐬 𝐓𝐨𝐩 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐏𝐫𝐞𝐚𝐜𝐡𝐞𝐬 𝐭𝐡𝐞 𝐆𝐨𝐬𝐩𝐞𝐥 𝐨𝐟 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 👉 In his latest letter to shareholders, #BlackRock CEO Larry Fink boldly states what many in digital finance have known for years: 💬 “If the U.S. doesn’t get its debt under control... America risks losing that position to digital assets like #Bitcoin.” 💡 He’s not just talking about crypto — he’s endorsing tokenization as the future of finance: ✔️ Fractional ownership ✔️ Instant settlement ✔️ Wider access to private market yield ✔️ Democratized investing at scale ▶️ This is a system upgrade — and when the world’s largest asset manager starts aligning its business to blockchain rails, it’s not a trend. It’s a transformation. Read our full breakdown of Larry’s 2025 shareholder letter and what it means for the future of finance: 👉 https://lnkd.in/dmF3P9Mf 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #Blockchain #Tokenization #Bitcoin #DigitalAssets #BlackRock #LarryFink #3CommaCapital #FutureOfFinance #CryptoFunds #Web3 #DeFi #CapitalMarkets

𝐋𝐚𝐫𝐫𝐲 𝐅𝐢𝐧𝐤’𝐬 𝐀𝐧𝐧𝐮𝐚𝐥 𝐋𝐞𝐭𝐭𝐞𝐫: 𝐖𝐡𝐞𝐧 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝’𝐬 𝐓𝐨𝐩 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐏𝐫𝐞𝐚𝐜𝐡𝐞𝐬 𝐭𝐡𝐞 𝐆𝐨𝐬𝐩𝐞𝐥 𝐨𝐟 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 👉 In his latest letter to shareholders, #BlackRock CEO Larry Fink boldly states what many in digital finance have known for years: 💬 “If the U.S. doesn’t get its debt under control... America risks losing that position to digital assets like #Bitcoin.” 💡 He’s not just talking about crypto — he’s endorsing tokenization as the future of finance: ✔️ Fractional ownership ✔️ Instant settlement ✔️ Wider access to private market yield ✔️ Democratized investing at scale ▶️ This is a system upgrade — and when the world’s largest asset manager starts aligning its business to blockchain rails, it’s not a trend. It’s a transformation. Read our full breakdown of Larry’s 2025 shareholder letter and what it means for the future of finance: 👉 https://lnkd.in/dmF3P9Mf 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #Blockchain #Tokenization #Bitcoin #DigitalAssets #BlackRock #LarryFink #3CommaCapital #FutureOfFinance #CryptoFunds #Web3 #DeFi #CapitalMarkets

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐅𝐮𝐧𝐝 𝐌𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐌𝐨𝐫𝐞 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐚𝐫𝐢𝐟𝐟𝐬 March proved to be another tough month for digital assets, as macroeconomic headwinds and risk-off sentiment weighed on the market. The Global Crypto Fund declined by 7.75%, with #Bitcoin, #Ethereum, and #Solana all contributing to the negative performance. 🔍 What happened this month? • Persistent inflation and disappointing economic data kept the Federal Reserve on hold. • Fund outflows continued across the sector, with Bitcoin and Ethereum investment products seeing over $1 billion combined redemptions. • Bitcoin ended Q1 down ~12%, following its January all-time high of $109,000 - a sharp correction marking its weakest quarterly performance since 2018. 🌐 Not all was bleak. Key institutional developments signal growing confidence in the long-term future of digital assets: • Circle partnered with ICE, integrating USDC into traditional clearing infrastructure. • BlackRock expanded its BUIDL fund, launched its first crypto ETP in Europe, and integrated Solana. • Fidelity registered a Solana Fund, fueling speculation of a spot ETF on the horizon. • A return to positive rolling net flows could establish the $75,000 level as a meaningful support zone, potentially attracting long-term institutional investors during price corrections. 📊 Looking ahead, with growing institutional adoption, strong stablecoin demand, and a strategic cash buffer (~10%) position, the Global Crypto Fund maintains a notable cash position, providing tactical flexibility to capitalize on market opportunities. 👉 Learn more about the Global Crypto Fund: https://lnkd.in/dhifgkdB 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #GlobalCryptoFund #DigitalAssets #CryptoMarket #Bitcoin #Ethereum #Solana #3CommaCapital #Web3 #Stablecoins #MacroOutlook #AssetManagement #BlockchainFinance #CryptoInvesting

𝐇𝐚𝐩𝐩𝐲 𝐅𝐚𝐭𝐡𝐞𝐫'𝐬 𝐃𝐚𝐲 | 𝐀 𝐋𝐞𝐠𝐚𝐜𝐲 𝐓𝐡𝐚𝐭 𝐆𝐫𝐨𝐰𝐬 𝐰𝐢𝐭𝐡 𝐓𝐢𝐦𝐞 👨👩👧👧 Fathers shape our future in many ways - through their values, guidance, and the legacies they build for generations to come. At 3 Comma Capital, we understand that financial security is one of the greatest gifts a father can provide. Thoughtful investment strategies, wealth preservation, and long-term planning are key to ensuring that families thrive, not just today, but for decades ahead. This Father’s Day, 3 Comma Capital celebrates the vision, dedication, and resilience of all fathers - those who invest not just in markets but also in futures. Here’s to all dads out there! 🥂 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #HappyFathersDay #Legacy #WealthManagement #3CommaCapital

📉 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐅𝐮𝐧𝐝 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐢𝐧 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐬𝐬𝐞𝐭𝐬 🚨 February 2025 was a month of extreme turbulence in digital asset markets, with #Bitcoin dropping below $80,000 amid heightened macroeconomic concerns, escalating trade tensions, and a hawkish Federal Reserve stance. A major security breach at ByBit and the first digital asset ETF outflows in ten months further fueled risk aversion. 📉 Despite our defensive positioning, the Global Crypto Fund declined 22.94% during the month, reflecting Bitcoin’s 20.72% drop—its worst February performance since 2014. #Ethereum and #Solana also faced significant corrections. 📝 Amid market uncertainty, we took a strategic step forward by pivoting away from our original benchmark, removing exposure to speculative assets like XRP (Ripple Labs) and ADA (Cardano), and reinforcing our focus on digital assets with strong market positioning and institutional interest: Bitcoin, Ethereum, and Solana. Additionally, we initiated a position in #Uniswap (UNI), recognizing its dominance in decentralized trading. 🔍 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐇𝐨𝐫𝐢𝐳𝐨𝐧: ✅ The SEC’s shift in regulatory stance, dropping litigation against major industry players, signals a maturing market. ✅ Institutional momentum is building, with potential #Solana ETF approval and the upcoming launch of SOL futures by CME Group. While volatility remains high, our long-term conviction remains strong: digital assets are evolving into a multi-trillion-dollar asset class. We continue to position the fund for sustainable growth by focusing on assets with real adoption, institutional demand, and demonstrated market relevance. 👉 Learn more about the Global Crypto Fund: https://lnkd.in/dhifgkdB 3 Comma Capital | 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #CryptoMarkets #Bitcoin #Ethereum #Solana #DigitalAssets #InstitutionalAdoption #CryptoInvesting #GlobalCrypto #Volatility #Defi #blockchain

🚀 𝐏𝐨𝐫𝐭𝐮𝐠𝐚𝐥’𝐬 𝐂𝐫𝐞𝐝𝐢𝐭 𝐑𝐚𝐭𝐢𝐧𝐠 𝐔𝐩𝐠𝐫𝐚𝐝𝐞𝐝 𝐭𝐨 '𝐀' – 𝐖𝐡𝐚𝐭 𝐈𝐭 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐒&𝐏 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 has upgraded Portugal’s sovereign credit rating to ‘A’ with a positive outlook, reinforcing the country’s economic resilience, fiscal prudence, and declining government debt. This milestone places #Portugal among the most stable economies in Europe, making it even more attractive for international investors. This upgrade is excellent news for Golden Visa investors, especially those choosing fixed-income investments over more volatile alternatives. At 3 Comma Capital, we have designed the Portugal Golden Income Fund to capitalize on this environment, offering a bond-focused strategy with: ✅ 70% allocation to Portuguese corporate bonds, benefiting from improved credit stability. ✅ Daily liquidity, providing flexibility unmatched by Private Equity or real estate funds. ✅ No subscription fees and low management costs, maximizing investor returns. ✅ Two share classes: Accumulation (growth) and Distribution (income payout – SDIRA compliant). More information about the Portugal Golden Income Fund here: https://lnkd.in/d5k5HCnp With Portugal’s financial outlook stronger than ever, now is the time to invest in a secure, stable, and visa-eligible fund. 🔗 Learn more about this upgrade to Portugal's rating by S&P Global Ratings in our Blog: https://lnkd.in/dQ8apAQp 3 Comma Capital 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 | 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #GoldenVisa #Investment #Portugal #FixedIncome #Bonds #3CommaCapital #ResidencyByInvestment #PortugalGoldenIncomeFund

🚀 𝐁𝐢𝐥𝐛𝐚𝐨 𝐁𝐮𝐳𝐳𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐖𝐞𝐛3 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧! 🚀 👉 What an incredible event in Bilbao! The Startup Wise Guys Investor’s Summit was a whirlwind of energy, insightful discussions, and networking (and amazing food 😋 and architecture!) which counted with the presence of 3 Comma Capital General Partner Pedro Cerdeira! But the 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭? Celebrating the graduation of our latest #Web3 acceleration cohort, a joint venture between 3 Comma Capital and Startup Wise Guys! 🤝 Huge congrats to 3 Comma Capital 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐜𝐨𝐦𝐩𝐚𝐧𝐲, CREDI (credilabs.io), for reaching the milestone! 𝐂𝐑𝐄𝐃𝐈 is revolutionizing private credit through tokenization, and the buzz around their potential was palpable. 👏 The 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫’𝐬 𝐒𝐮𝐦𝐦𝐢𝐭 also provided the perfect platform for investors to network and spark some truly insightful conversations. The collaborative format, bringing investors and startups together for focused discussions, proved incredibly valuable. A big thank you to Cristobal Alonso and the entire team Startup Wise Guys for organizing such a successful event! 👏 3 Comma Capital 𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 | 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 #web3 #vcfunding #venturecapital #cohort #3commacapital #SWG #Credi #Web3 #Blockchain #Networking #Community #InvestorsSummit #Bilbao