Aristeia Capital L.L.C. Makes New Investment in BTC Development Corp. $BDCI

Aristeia Capital L.L.C. purchased a new stake in BTC Development Corp. (NASDAQ:BDCI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 400,000 shares of the company’s stock, valued at approximately $4,004,000.

A number of other institutional investors have also modified their holdings of BDCI. Meteora Capital LLC bought a new stake in shares of BTC Development in the 4th quarter valued at about $18,337,000. Glazer Capital LLC purchased a new position in shares of BTC Development in the 4th quarter valued at approximately $11,755,000. Adage Capital Partners GP L.L.C. purchased a new position in BTC Development during the 4th quarter worth approximately $10,010,000. AQR Arbitrage LLC purchased a new position in BTC Development during the 4th quarter worth approximately $8,898,000. Finally, Verition Fund Management LLC purchased a new position in BTC Development during the 4th quarter worth approximately $8,204,000.

BTC Development Stock Up 0.1%

BDCI opened at $10.06 on Thursday. BTC Development Corp. has a 12-month low of $9.96 and a 12-month high of $10.26. The stock has a market cap of $305.32 million and a price-to-earnings ratio of 40.24. The stock’s 50 day simple moving average is $10.03.

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.