Governors Lane LP Makes New $2 Million Investment in BTC Development Corp. $BDCI

Governors Lane LP purchased a new stake in BTC Development Corp. (NASDAQ:BDCI) during the 4th quarter, Holdings Channel reports. The fund purchased 200,000 shares of the company’s stock, valued at approximately $2,002,000.

Several other large investors have also modified their holdings of BDCI. Boothbay Fund Management LLC acquired a new position in shares of BTC Development during the 4th quarter worth approximately $350,000. Aristeia Capital L.L.C. purchased a new position in BTC Development during the fourth quarter worth $4,004,000. AQR Arbitrage LLC acquired a new position in shares of BTC Development in the fourth quarter worth $8,898,000. Polar Asset Management Partners Inc. purchased a new stake in shares of BTC Development in the fourth quarter valued at $7,141,000. Finally, Meteora Capital LLC acquired a new stake in shares of BTC Development during the fourth quarter valued at $18,337,000.

BTC Development Trading Up 0.1%

BTC Development stock opened at $10.06 on Thursday. The stock’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 cap of $305.32 million and a PE ratio of 40.24.

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