Virtu Financial LLC Purchases New Position in BTC Development Corp. $BDCI

Virtu Financial LLC purchased a new position in BTC Development Corp. (NASDAQ:BDCI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,574 shares of the company’s stock, valued at approximately $847,000. Virtu Financial LLC owned 0.28% of BTC Development at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ABC Arbitrage SA purchased a new stake in shares of BTC Development in the fourth quarter valued at approximately $200,000. Picton Mahoney Asset Management purchased a new position in shares of BTC Development during the 4th quarter valued at approximately $200,000. Crossingbridge Advisors LLC purchased a new position in shares of BTC Development during the 4th quarter valued at approximately $250,000. Boothbay Fund Management LLC acquired a new stake in BTC Development in the 4th quarter valued at $350,000. Finally, StoneX Group Inc. acquired a new stake in BTC Development in the 4th quarter valued at $526,000.

BTC Development Price Performance

NASDAQ:BDCI opened at $10.07 on Monday. The firm has a market capitalization of $305.50 million and a PE ratio of 40.26. BTC Development Corp. has a fifty-two week low of $9.96 and a fifty-two week high of $10.26. The business’s fifty day moving average is $10.03.

BTC Development (NASDAQ:BDCI) last announced its earnings results on Tuesday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter.

BTC Development Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.