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      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001068897</cik>
          <ccc>XXXXXXXX</ccc>
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        <fileNumber>811-09261</fileNumber>
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      <investmentCompanyType>N-2</investmentCompanyType>
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    <generalInfo reportEndingPeriod="2025-12-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Foxby Corp.</registrantFullName>
      <investmentCompFileNo>811-09261</investmentCompFileNo>
      <registrantCik>0001068897</registrantCik>
      <registrantLei>5493000W7P09VQYLUO04</registrantLei>
      <registrantstreet1>17 Old Drewsville Rd</registrantstreet1>
      <registrantcity>Walpole</registrantcity>
      <registrantzipCode>03608</registrantzipCode>
      <registrantstate>US-NH</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>212-785-0900</registrantphoneNumber>
      <websites>
        <website webpage="http://www.foxbycorp.com/"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Midas Management Corporation</officeName>
          <officeAddress1>17 Old Drewsville Rd</officeAddress1>
          <officeAddress2>N/A</officeAddress2>
          <officeCity>Walpole</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NH"/>
          <officeRecordsZipCode>03608</officeRecordsZipCode>
          <officePhone>212-785-0900</officePhone>
          <booksRecordsDesc>Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>The Huntington National Bank</officeName>
          <officeAddress1>41 South High Street</officeAddress1>
          <officeAddress2>N/A</officeAddress2>
          <officeCity>Columbus</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-OH"/>
          <officeRecordsZipCode>43216-3406</officeRecordsZipCode>
          <officePhone>614-463-4293</officePhone>
          <booksRecordsDesc>Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Ultimus Asset Services</officeName>
          <officeAddress1>225 Pictoria Drive</officeAddress1>
          <officeAddress2>Suite 450</officeAddress2>
          <officeCity>Cincinnati</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-OH"/>
          <officeRecordsZipCode>45246-1617</officeRecordsZipCode>
          <officePhone>513-587-3400</officePhone>
          <booksRecordsDesc>Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Jon Tomasson</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-04316"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Peter K. Werner</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-04316"/>
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        </director>
        <director>
          <directorName>Roger Atkinson</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-04316"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Thomas B. Winmill</directorName>
          <crdNumber>001849082</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-04316"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Woodworth Winmill</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
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        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Russell Kamerman</ccoName>
          <crdNumber>006432984</crdNumber>
          <ccoStreet1>17 Old Drewsville Rd									</ccoStreet1>
          <ccoCity>Walpole</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-NH"/>
          <ccoZipCode>03608</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Tait, Weller &amp; Baker LLP</publicAccountantName>
          <pcaobNumber>445</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantRssdId>N/A</publicAccountantRssdId>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-PA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <paymentDividendSeries isPaymentDividend="Y"/>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Foxby Corp</mgmtInvFundName>
        <mgmtInvLei>5493000W7P09VQYLUO04</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Midas Management Corporation</investmentAdviserName>
            <investmentAdviserFileNo>801-49079</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000108237</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-NH" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Ultimus Asset Services, LLC</transferAgentName>
            <transferAgentFileNo>084-00142</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Interactive Data Pricing and Reference Data LLC</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceOther>801-55222</pricingServiceOther>
            <pricingServiceIdNumberDesc>SEC File No.</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Brown Brothers Harriman &amp; Company</custodianName>
            <custodianLei>5493006KMX1VFTPYPW14</custodianLei>
            <custodianRssdId>931207</custodianRssdId>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Huntington National Bank</custodianName>
            <custodianLei>2WHM8VNJH63UN14OL754</custodianLei>
            <custodianRssdId>12311</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Securities Transfer Corp</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentOther>084-01567</shareholderServiceAgentOther>
            <shareholderServiceIdNumberDesc>SEC Filing Number</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-TX" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Midas Management Corporation</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminOther>801-49079</adminOther>
            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-NH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>J.P. MORGAN SECURITIES LLC</brokerName>
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            <brokerCrdNo>000000079</brokerCrdNo>
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            <brokerRssdId>1155420</brokerRssdId>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>60</grossCommission>
          </broker>
          <broker>
            <brokerName>CIBC WORLD MARKETS INC.</brokerName>
            <brokerFileNo>008-18333</brokerFileNo>
            <brokerCrdNo>000000630</brokerCrdNo>
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            <brokerRssdId>N/A</brokerRssdId>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>3792.20</grossCommission>
          </broker>
          <broker>
            <brokerName>O'NEILL SECURITIES, INC.</brokerName>
            <brokerFileNo>008-11763</brokerFileNo>
            <brokerCrdNo>000000894</brokerCrdNo>
            <brokerLei>5493002J20FGJRC1XQ20</brokerLei>
            <brokerRssdId>N/A</brokerRssdId>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>1226.44</grossCommission>
          </broker>
          <broker>
            <brokerName>ROYAL BANK OF CANADA</brokerName>
            <brokerFileNo>008-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
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            <brokerRssdId>1599109</brokerRssdId>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4119.06</grossCommission>
          </broker>
          <broker>
            <brokerName>WELLINGTON SHIELDS &amp; CO. LLC</brokerName>
            <brokerFileNo>008-68098</brokerFileNo>
            <brokerCrdNo>000149021</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerRssdId>N/A</brokerRssdId>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>869.31</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>10067.01</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CIBC WORLD MARKETS INC.</principalName>
            <principalFileNo>008-18333</principalFileNo>
            <principalCrdNo>000000630</principalCrdNo>
            <principalLei>549300445CON3DBMU275</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-DE" principalCountry="US"/>
            <principalTotalPurchaseSale>1533.4</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>O'NEILL SECURITIES, INC.</principalName>
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            <principalCrdNo>000000894</principalCrdNo>
            <principalLei>5493002J20FGJRC1XQ20</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>381.03</principalTotalPurchaseSale>
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        </principalTransactions>
        <principalAggregatePurchase>1914.43</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>15050128.97</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>N/A</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="FXBY"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <isRepurchaseSecurity>N</isRepurchaseSecurity>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.09</managementFee>
      <netOperatingExpenses>2.98</netOperatingExpenses>
      <marketPricePerShare>23.25</marketPricePerShare>
      <netAssetValuePerShare>32.60</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isInfoItem405>true</isInfoItem405>
    </attachmentsTab>
    <signature registrantSignedName="Foxby Corp." signedDate="2026-02-26" signature="Russel Kamerman" title="Chief Compliance Officer &amp; Secretary"/>
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