Mint Tower Capital Management B.V. Takes $2 Million Position in BTC Development Corp. $BDCI

Mint Tower Capital Management B.V. purchased a new stake in BTC Development Corp. (NASDAQ:BDCI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 200,000 shares of the company’s stock, valued at approximately $2,002,000. Mint Tower Capital Management B.V. owned 0.66% of BTC Development as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in BTC Development in the 4th quarter valued at about $200,000. Picton Mahoney Asset Management acquired a new position in BTC Development in the 4th quarter valued at about $200,000. Highbridge Capital Management LLC acquired a new position in BTC Development in the 4th quarter valued at about $3,004,000. Wealthspring Capital LLC acquired a new position in BTC Development in the 4th quarter valued at about $3,346,000. Finally, Periscope Capital Inc. acquired a new position in BTC Development in the 4th quarter valued at about $4,943,000.

BTC Development Stock Down 0.1%

Shares of BDCI opened at $10.05 on Friday. The firm has a market cap of $305.02 million and a PE ratio of 40.20. The firm has a fifty day moving average price of $10.02. BTC Development Corp. has a 1 year low of $9.96 and a 1 year high of $10.26.

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