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, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Chainlink for Amphibian LLC; David Langer; Hyla Fund Management LLC.
- 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 79% of the 29 hedge funds based in Arizona, and more than 32% of all 10,157 that report sales.