Sypher Bitcoin Yield Fund, LP is a hedge fund based in Jersey City, New Jersey. According to its most recent Form D, filed Apr 2, 2026, the fund has sold $1,620,000 of interests to 4 investors since its first sale in Feb 2025. 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 Michael Song; Sypher Capital Management, LLC; Sypher Bitcoin Yield Fund GP, 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
- $1,620,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Feb 3, 2025
- 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
- Michael Song; Sypher Capital Management, LLC; Sypher Bitcoin Yield Fund GP, LLC
- Latest Form D
- Apr 2, 2026
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 Sypher Bitcoin Yield Fund, LP
What is the minimum investment for Sypher Bitcoin Yield Fund, LP?
According to its latest Form D, filed Apr 2, 2026, the minimum investment Sypher Bitcoin Yield Fund, LP accepts from an outside investor is $250,000.
Who can invest in Sypher Bitcoin Yield Fund, LP?
Sypher Bitcoin Yield 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 Sypher Bitcoin Yield Fund, LP raised?
Sypher Bitcoin Yield Fund, LP reports $1,620,000 sold from 4 investors on its Form D filed Apr 2, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Sypher Bitcoin Yield Fund, LP based?
Sypher Bitcoin Yield Fund, LP is based in Jersey City, New Jersey.
When did Sypher Bitcoin Yield Fund, LP launch?
Sypher Bitcoin Yield Fund, LP reports its first sale in Feb 2025, 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 24% of the 217 hedge funds based in New Jersey, and more than 8% of all 10,308 that report sales.