Magnetar Financial LLC Invests $7.51 Million in BTC Development Corp. $BDCI

Magnetar Financial LLC bought a new position in BTC Development Corp. (NASDAQ:BDCI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 750,000 shares of the company’s stock, valued at approximately $7,511,000. Magnetar Financial LLC owned approximately 2.47% of BTC Development as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Alberta Investment Management Corp purchased a new position in BTC Development during the fourth quarter valued at approximately $5,258,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in BTC Development during the fourth quarter valued at approximately $1,002,000. Verition Fund Management LLC purchased a new position in BTC Development during the fourth quarter valued at approximately $8,204,000. Fifth Lane Capital LP purchased a new position in BTC Development during the fourth quarter valued at approximately $2,284,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in BTC Development during the fourth quarter valued at approximately $7,511,000.

BTC Development Trading Up 0.1%

Shares of NASDAQ:BDCI opened at $10.06 on Wednesday. The company’s 50 day moving average price is $10.03. The stock has a market capitalization of $305.32 million and a PE ratio of 40.24. BTC Development Corp. has a 12 month low of $9.96 and a 12 month high of $10.26.

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

About BTC Development

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.