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

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of 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 institutional investor 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 0.33% of BTC Development as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ABC Arbitrage SA purchased a new stake in BTC Development during the 4th quarter valued at approximately $200,000. Picton Mahoney Asset Management purchased a new position in shares of BTC Development in the 4th quarter valued at approximately $200,000. Crossingbridge Advisors LLC purchased a new position in shares of BTC Development in the 4th quarter valued at approximately $250,000. Boothbay Fund Management LLC purchased a new position in shares of BTC Development in the 4th quarter valued at approximately $350,000. Finally, StoneX Group Inc. purchased a new stake in shares of BTC Development during the fourth quarter worth approximately $526,000.

BTC Development Trading Up 0.2%

Shares of NASDAQ BDCI opened at $10.07 on Friday. The business’s fifty day moving average is $10.03. BTC Development Corp. has a 1-year low of $9.96 and a 1-year high of $10.26. The firm has a market capitalization of $305.47 million and a P/E ratio of 40.26.

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