200,000 Shares in BTC Development Corp. $BDCI Purchased by Governors Lane LP

Governors Lane LP acquired a new stake in BTC Development Corp. (NASDAQ:BDCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $2,002,000. Governors Lane LP owned approximately 0.66% of BTC Development at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BDCI. 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 stake in shares of BTC Development during the 4th quarter worth $200,000. Crossingbridge Advisors LLC acquired a new position in shares of BTC Development during the 4th quarter worth $250,000. Boothbay Fund Management LLC acquired a new position in shares of BTC Development during the 4th quarter worth $350,000. Finally, StoneX Group Inc. purchased a new position in shares of BTC Development in the 4th quarter valued at about $526,000.

BTC Development Trading Up 0.1%

BDCI stock opened at $10.06 on Thursday. The business’s 50-day moving average is $10.03. BTC Development Corp. has a 52 week low of $9.96 and a 52 week high of $10.26. The stock has a market capitalization of $305.32 million and a P/E ratio of 40.24.

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

BTC Development 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.