Virtu Financial LLC Takes Position in BTC Development Corp. $BDCI

Virtu Financial LLC purchased a new position in BTC Development Corp. (NASDAQ:BDCI) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 84,574 shares of the company’s stock, valued at approximately $847,000.

Several other large investors have also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new stake in shares of BTC Development during the fourth quarter worth approximately $5,258,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in BTC Development in the 4th quarter valued at $11,261,000. Toronto Dominion Bank purchased a new position in BTC Development in the 4th quarter valued at $13,345,000. Saba Capital Management L.P. acquired a new stake in BTC Development during the 4th quarter worth $5,255,000. Finally, Millennium Management LLC acquired a new stake in BTC Development during the 4th quarter worth $3,734,000.

BTC Development Price Performance

BTC Development stock opened at $10.07 on Monday. The business’s fifty day simple moving average is $10.03. The stock has a market capitalization of $305.50 million and a price-to-earnings ratio of 40.26. BTC Development Corp. has a 52-week low of $9.96 and a 52-week high of $10.26.

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

BTC Development Company 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.