OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $1 Million in BTC Development Corp. $BDCI

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in BTC Development Corp. (NASDAQ:BDCIFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,002,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of BTC Development as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Highbridge Capital Management LLC bought a new stake in BTC Development in the fourth quarter valued at $3,004,000. Periscope Capital Inc. bought a new stake in BTC Development in the fourth quarter valued at $4,943,000. Clear Street Group Inc. bought a new stake in BTC Development in the fourth quarter valued at $2,599,000. Wealthspring Capital LLC bought a new stake in BTC Development in the fourth quarter valued at $3,346,000. Finally, Context Capital Management LLC bought a new stake in BTC Development in the fourth quarter valued at $3,504,000.

BTC Development Trading Up 0.2%

NASDAQ:BDCI opened at $10.07 on Tuesday. The company has a market capitalization of $305.62 million and a PE ratio of 40.28. The firm has a fifty day moving average of $10.03. BTC Development Corp. has a twelve month low of $9.96 and a twelve month high of $10.26.

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

BTC Development Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BTC Development (NASDAQ:BDCI)

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