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BTC Development Corp. Class A Ordinary Shares (BDCI)

USD10.08 -0.02 (-0.20%)
US NASDAQ Financial Services Asset Management
Address 2929 Arch Street 19104
Philadelphia, PA, US
CEO Bracebridge Hemyng Young Jr.
IPO 2025-10-16
CIK 2042292 ISIN KYG0701G1091

Explore sections of this company profile

Also trades on NASDAQ Global Select · BDCI (USD) NASDAQ Global Select · BDCIW (USD)
Description

BTC Development Corp. operates as a special purpose acquisition company (SPAC). Its core objective is to finalize a business combination, which might entail a merger, share exchange, asset acquisition, reorganization, or similar transaction, with one or more existing enterprises. The firm was established on April 3, 2023, and maintains its principal office in Philadelphia, PA.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD10.08 -0.02 (-0.20%)
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Volume Profile
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Liquidity & share structure
Average Volume
44.6K
Beta
0.06
Float Shares
26.06M
Free Float %
75.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.10% +0.20% +0.30% +0.20% -0.40% +0.40% -0.99% -0.99% -0.99% -0.99% -0.99%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
10.08
DCF (Unlevered) 0.06 -99.4%
DCF (Levered) 0.06 -99.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Asset Management: +17.4%
  • EPS growth Asset Management: +22.7%
    +5,000.0%
  • FCF margin FCF growth · Asset Management: +27.7%
  • EBIT margin Asset Management: +50.6%
  • ROIC Asset Management: +6.5%
    Q1'26: +20.4%
  • Share dilution Asset Management: +0.0%
    +14.5%
  • Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.00× Q1'26: 0.00×
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.09) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.06 Current price: 10.08
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-27 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-26 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-22 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-21 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-20 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-19 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-18 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-15 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-14 C 2/5 3/5 1/5 3/5 1/5 1/5 1/5
2026-05-13 C- 1/5 2/5 1/5 3/5 1/5 1/5 1/5
2026-05-12 C- 1/5 2/5 1/5 3/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-01 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
51
Total invested
201.29M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
51
-1 vs prev Q
New positions
8
Closed positions
9
Increased
17
Reduced
12
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 METEORA CAPITAL, LLC 1.83M +1.8M (+100.0%) 18.34M +18.3M (+100.0%) 43.95% +43.945 pp 1.53% +1.534 pp USD10.01 +0.0% 1 qtrs NEW
2 TORONTO DOMINION BANK 1.33M +1.3M (+100.0%) 13.35M +13.3M (+100.0%) 31.97% +31.968 pp 0.02% +0.020 pp USD10.01 +0.0% 1 qtrs NEW
3 GLAZER CAPITAL, LLC 1.17M +1.2M (+100.0%) 11.76M +11.8M (+100.0%) 28.17% +28.171 pp 0.31% +0.309 pp USD10.01 +0.0% 1 qtrs NEW
4 LINDEN ADVISORS LP 1.13M +1.1M (+100.0%) 11.27M +11.3M (+100.0%) 26.99% +26.988 pp 0.07% +0.069 pp USD10.01 +0.0% 1 qtrs NEW
5 TENOR CAPITAL MANAGEMENT CO., L.P. 1.13M +1.1M (+100.0%) 11.26M +11.3M (+100.0%) 26.99% +26.988 pp 0.16% +0.159 pp USD10.01 +0.0% 1 qtrs NEW
6 LMR PARTNERS LLP 1.03M +1.0M (+100.0%) 10.26M +10.3M (+100.0%) 24.59% +24.589 pp 0.02% +0.019 pp USD10.01 +0.0% 1 qtrs NEW
7 ADAGE CAPITAL PARTNERS GP, L.L.C. 1.00M +1.0M (+100.0%) 10.01M +10.0M (+100.0%) 23.99% +23.990 pp 0.02% +0.015 pp USD10.01 +0.0% 1 qtrs NEW
8 AQR ARBITRAGE LLC 888.5K +888.5K (+100.0%) 8.90M +8.9M (+100.0%) 21.31% +21.315 pp 0.19% +0.187 pp USD10.01 +0.0% 1 qtrs NEW
9 VERITION FUND MANAGEMENT LLC 819.2K +819.2K (+100.0%) 8.20M +8.2M (+100.0%) 19.65% +19.652 pp 0.03% +0.032 pp USD10.01 +0.0% 1 qtrs NEW
10 MAGNETAR FINANCIAL LLC 750.0K +750.0K (+100.0%) 7.51M +7.5M (+100.0%) 17.99% +17.992 pp 0.07% +0.074 pp USD10.01 +0.0% 1 qtrs NEW
11 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 750.0K +750.0K (+100.0%) 7.51M +7.5M (+100.0%) 17.99% +17.992 pp 0.01% +0.013 pp USD10.01 +0.0% 1 qtrs NEW
12 FIRST TRUST CAPITAL MANAGEMENT L.P. 750.0K +750.0K (+100.0%) 7.51M +7.5M (+100.0%) 17.99% +17.992 pp 0.45% +0.454 pp USD10.01 +0.0% 1 qtrs NEW
13 POLAR ASSET MANAGEMENT PARTNERS INC. 713.4K +713.4K (+100.0%) 7.14M +7.1M (+100.0%) 17.11% +17.114 pp 0.09% +0.091 pp USD10.01 +0.0% 1 qtrs NEW
14 HARRADEN CIRCLE INVESTMENTS, LLC 666.9K +666.9K (+100.0%) 6.68M +6.7M (+100.0%) 16.00% +15.999 pp 1.22% +1.224 pp USD10.01 +0.0% 1 qtrs NEW
15 RADCLIFFE CAPITAL MANAGEMENT, L.P. 581.3K +581.3K (+100.0%) 5.82M +5.8M (+100.0%) 13.95% +13.946 pp 0.32% +0.317 pp USD10.01 +0.0% 1 qtrs NEW
16 ALBERTA INVESTMENT MANAGEMENT CORP 525.0K +525.0K (+100.0%) 5.26M +5.3M (+100.0%) 12.59% +12.595 pp 0.03% +0.031 pp USD10.01 +0.0% 1 qtrs NEW
17 SABA CAPITAL MANAGEMENT, L.P. 525.0K +525.0K (+100.0%) 5.26M +5.3M (+100.0%) 12.59% +12.595 pp 0.16% +0.156 pp USD10.01 +0.0% 1 qtrs NEW
18 PERISCOPE CAPITAL INC. 493.8K +493.8K (+100.0%) 4.94M +4.9M (+100.0%) 11.85% +11.846 pp 0.57% +0.565 pp USD10.01 +0.0% 1 qtrs NEW
19 HUDSON BAY CAPITAL MANAGEMENT LP 400.0K +400.0K (+100.0%) 4.01M +4.0M (+100.0%) 9.60% +9.596 pp 0.01% +0.013 pp USD10.01 +0.0% 1 qtrs NEW
20 ARISTEIA CAPITAL LLC 400.0K +400.0K (+100.0%) 4.00M +4.0M (+100.0%) 9.60% +9.596 pp 0.09% +0.087 pp USD10.01 +0.0% 1 qtrs NEW
21 MOORE CAPITAL MANAGEMENT, LP 400.0K +400.0K (+100.0%) 4.00M +4.0M (+100.0%) 9.60% +9.596 pp 0.06% +0.058 pp USD10.01 +0.0% 1 qtrs NEW
22 SHAOLIN CAPITAL MANAGEMENT LLC 397.3K +397.3K (+100.0%) 3.98M +4.0M (+100.0%) 9.53% +9.532 pp 0.12% +0.123 pp USD10.01 +0.0% 1 qtrs NEW
23 TWO SIGMA INVESTMENTS, LP 396.4K +396.4K (+100.0%) 3.97M +4.0M (+100.0%) 9.51% +9.510 pp 0.01% +0.006 pp USD10.01 +0.0% 1 qtrs NEW
24 MILLENNIUM MANAGEMENT LLC 373.0K +373.0K (+100.0%) 3.73M +3.7M (+100.0%) 8.95% +8.948 pp 0.00% +0.002 pp USD10.01 +0.0% 1 qtrs NEW
25 CONTEXT CAPITAL MANAGEMENT, LLC 350.0K +350.0K (+100.0%) 3.50M +3.5M (+100.0%) 8.40% +8.396 pp 0.09% +0.090 pp USD10.01 +0.0% 1 qtrs NEW
26 WEALTHSPRING CAPITAL LLC 334.3K +334.3K (+100.0%) 3.35M +3.3M (+100.0%) 8.02% +8.019 pp 0.79% +0.790 pp USD10.01 +0.0% 1 qtrs NEW
27 MIZUHO SECURITIES USA LLC 306.0K +306.0K (+100.0%) 3.08M +3.1M (+100.0%) 7.34% +7.342 pp 0.05% +0.051 pp USD10.01 +0.0% 1 qtrs NEW
28 HIGHBRIDGE CAPITAL MANAGEMENT LLC 300.0K +300.0K (+100.0%) 3.00M +3.0M (+100.0%) 7.20% +7.197 pp 0.10% +0.096 pp USD10.01 +0.0% 1 qtrs NEW
29 BERKLEY W R CORP 260.1K +260.1K (+100.0%) 2.60M +2.6M (+100.0%) 6.24% +6.240 pp 0.12% +0.123 pp USD10.01 +0.0% 1 qtrs NEW
30 CLEAR STREET GROUP INC. 259.7K +259.7K (+100.0%) 2.60M +2.6M (+100.0%) 6.23% +6.229 pp 0.01% +0.010 pp USD10.01 +0.0% 1 qtrs NEW
31 BNP PARIBAS ARBITRAGE, SNC 236.5K +236.5K (+100.0%) 2.37M +2.4M (+100.0%) 5.67% +5.673 pp 0.00% +0.001 pp USD10.01 +0.0% 1 qtrs NEW
32 FIFTH LANE CAPITAL, LP 225.0K +225.0K (+100.0%) 2.28M +2.3M (+100.0%) 5.40% +5.398 pp 1.73% +1.731 pp USD10.01 +0.0% 1 qtrs NEW
33 200.0K +200.0K (+100.0%) 2.00M +2.0M (+100.0%) 4.80% +4.798 pp 0.75% +0.752 pp USD10.01 +0.0% 1 qtrs NEW
34 GOVERNORS LANE LP 200.0K +200.0K (+100.0%) 2.00M +2.0M (+100.0%) 4.80% +4.798 pp 0.12% +0.119 pp USD10.01 +0.0% 1 qtrs NEW
35 MINT TOWER CAPITAL MANAGEMENT B.V. 200.0K +200.0K (+100.0%) 2.00M +2.0M (+100.0%) 4.80% +4.798 pp 0.23% +0.231 pp USD10.01 +0.0% 1 qtrs NEW
36 DLD ASSET MANAGEMENT, LP 108.1K +108.1K (+100.0%) 1.08M +1.1M (+100.0%) 2.59% +2.593 pp 0.08% +0.080 pp USD10.01 +0.0% 1 qtrs NEW
37 MARSHALL WACE, LLP 100.0K +100.0K (+100.0%) 1.00M +1.0M (+100.0%) 2.40% +2.399 pp 0.00% +0.001 pp USD10.01 +0.0% 1 qtrs NEW
38 UBS OCONNOR LLC 100.0K +100.0K (+100.0%) 1.00M +1.0M (+100.0%) 2.40% +2.399 pp 0.11% +0.108 pp USD10.01 +0.0% 1 qtrs NEW
39 DRIEHAUS CAPITAL MANAGEMENT LLC 100.0K +100.0K (+100.0%) 1.00M +1.0M (+100.0%) 2.40% +2.399 pp 0.01% +0.007 pp USD10.01 +0.0% 1 qtrs NEW
40 WHITEBOX ADVISORS LLC 100.0K +100.0K (+100.0%) 1.00M +1.0M (+100.0%) 2.40% +2.399 pp 0.01% +0.014 pp USD10.01 +0.0% 1 qtrs NEW
41 CANTOR FITZGERALD, L. P. 98.0K +98.0K (+100.0%) 981.5K +981.5K (+100.0%) 2.35% +2.351 pp 0.01% +0.015 pp USD10.01 +0.0% 1 qtrs NEW
42 VIRTU FINANCIAL LLC 84.6K +84.6K (+100.0%) 847.0K +847.0K (+100.0%) 2.03% +2.029 pp 0.03% +0.033 pp USD10.01 +0.0% 1 qtrs NEW
43 STONEX GROUP INC. 52.5K +52.5K (+100.0%) 525.5K +525.5K (+100.0%) 1.26% +1.259 pp 0.02% +0.023 pp USD10.01 +0.0% 1 qtrs NEW
44 CENTIVA CAPITAL, LP 50.0K +50.0K (+100.0%) 500.8K +500.8K (+100.0%) 1.20% +1.200 pp 0.00% +0.004 pp USD10.01 +0.0% 1 qtrs NEW
45 BOOTHBAY FUND MANAGEMENT, LLC 35.0K +35.0K (+100.0%) 350.2K +350.2K (+100.0%) 0.84% +0.839 pp 0.01% +0.005 pp USD10.01 +0.0% 1 qtrs NEW
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 27.8K +27.8K (+100.0%) 278.1K +278.1K (+100.0%) 0.67% +0.666 pp 0.00% +0.000 pp USD10.01 +0.0% 1 qtrs NEW
47 CROSSINGBRIDGE ADVISORS, LLC 25.0K +25.0K (+100.0%) 250.4K +250.4K (+100.0%) 0.60% +0.600 pp 0.07% +0.070 pp USD10.01 +0.0% 1 qtrs NEW
48 ABC ARBITRAGE SA 20.0K +20.0K (+100.0%) 200.2K +200.2K (+100.0%) 0.48% +0.480 pp 0.02% +0.019 pp USD10.01 +0.0% 1 qtrs NEW
49 WOLVERINE ASSET MANAGEMENT LLC 20.0K +20.0K (+100.0%) 200.2K +200.2K (+100.0%) 0.48% +0.480 pp 0.00% +0.002 pp USD10.01 +0.0% 1 qtrs NEW
50 PICTON MAHONEY ASSET MANAGEMENT 20.0K +20.0K (+100.0%) 200.2K +200.2K (+100.0%) 0.48% +0.480 pp 0.00% +0.002 pp USD10.01 +0.0% 1 qtrs NEW
51 DECAGON ASSET MANAGEMENT LLP 51.5K +51.5K (+100.0%) 35.0K +35.0K (+100.0%) 1.24% +1.235 pp 0.01% +0.014 pp USD10.01 +0.0% 1 qtrs NEW
52 MORGAN STANLEY 69.00 +69.0 (+100.0%) 691.00 +691.0 (+100.0%) 0.00% +0.002 pp 0.00% +0.000 pp USD10.00 +0.1% 1 qtrs NEW
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Horizon Kinetics SPAC Active ETF SPAQ 2.52% 254.2K 0.85%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
0
Sells
0
Shares acquired
Shares disposed
Cash buys
Cash sales
Net activity
+0
Insider buys vs sells (history) From To
Recent insider transactions

No recent insider transactions.

Executive team

Top executives
Shares Outstanding
34.75M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-15 SC 13G/A
2026-05-15 SC 13G/A
2026-05-15 SC 13G
2026-05-12 SC 13G
2026-05-12 10-Q
2026-03-24 10-K
2026-02-24 8-K
2026-02-13 SC 13G
2026-02-13 SC 13G
2026-02-12 SC 13G/A

Executive team

NameTitleCompensationGender
Bracebridge Hemyng Young Jr. President, Chief Executive Officer & Director male
Robert Maxwell Smeal Chief Financial Officer male
ESG Rating
B+
ASSET MANAGEMENT
Rank: 44 out of 229
2026
E (Environmental)
69.0 / 67.2
Company / Sector avg.
S (Social)
77.2 / 77.3
Company / Sector avg.
G (Governance)
65.7 / 74.6
Company / Sector avg.
ESG Total
70.6 / 73.0
Company / Sector avg.
ESG Score History ASSET MANAGEMENT
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits