Amphibian BTC Alpha Fund, LP is a hedge fund based in Tempe, Arizona. According to its most recent Form D, filed Nov 6, 2025, the fund has sold $24,687,627 of interests to 12 investors since its first sale in Jan 2024. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Chainlink for Amphibian LLC; David Langer; Hyla Fund Management LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $24,687,627Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jan 1, 2024
- Minimum investment
- $250,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Chainlink for Amphibian LLC; David Langer; Hyla Fund Management LLC
- Latest Form D
- Nov 6, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Amphibian BTC Alpha Fund, LP
What is the minimum investment for Amphibian BTC Alpha Fund, LP?
According to its latest Form D, filed Nov 6, 2025, the minimum investment Amphibian BTC Alpha Fund, LP accepts from an outside investor is $250,000.
Who can invest in Amphibian BTC Alpha Fund, LP?
Amphibian BTC Alpha Fund, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Amphibian BTC Alpha Fund, LP raised?
Amphibian BTC Alpha Fund, LP reports $24,687,627 sold from 12 investors on its Form D filed Nov 6, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Amphibian BTC Alpha Fund, LP based?
Amphibian BTC Alpha Fund, LP is based in Tempe, Arizona.
When did Amphibian BTC Alpha Fund, LP launch?
Amphibian BTC Alpha Fund, LP reports its first sale in Jan 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 79% of the 29 hedge funds based in Arizona, and more than 33% of all 10,308 that report sales.