BTC Development Corp. Class A Ordinary Shares (BDCI)
Philadelphia, PA, US
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.10% | +0.20% | +0.30% | +0.20% | -0.40% | +0.40% | -0.99% | -0.99% | -0.99% | -0.99% | -0.99% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
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Revenue growth Asset Management: +17.4%—
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EPS growth Asset Management: +22.7%+5,000.0% ★
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FCF margin FCF growth · Asset Management: +27.7%—
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EBIT margin Asset Management: +50.6%—
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ROIC Asset Management: +6.5%— Q1'26: +20.4%
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Share dilution Asset Management: +0.0%+14.5%
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Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×0.00× Q1'26: 0.00×
* 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.
| 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 not available.
Ownership Overview
No beneficial ownership filings recorded.
Institutional Activity (13F)
| # | 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 |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Horizon Kinetics SPAC Active ETF SPAQ | 2.52% | 254.2K | 0.85% |
Insider Activity
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Bracebridge Hemyng Young Jr. | President, Chief Executive Officer & Director | — | male |
| Robert Maxwell Smeal | Chief Financial Officer | — | male |
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BDCI
Short-term intention
Target Price Distribution
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.

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