259,653 Shares in BTC Development Corp. $BDCI Purchased by Clear Street Group Inc.

Clear Street Group Inc. acquired a new position in BTC Development Corp. (NASDAQ:BDCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 259,653 shares of the company’s stock, valued at approximately $2,599,000.

Other large investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new stake in BTC Development in the 4th quarter worth about $200,000. Picton Mahoney Asset Management purchased a new position in BTC Development during the 4th quarter valued at about $200,000. Crossingbridge Advisors LLC purchased a new position in BTC Development during the 4th quarter valued at about $250,000. StoneX Group Inc. purchased a new position in BTC Development during the 4th quarter valued at about $526,000. Finally, Marshall Wace LLP purchased a new position in BTC Development during the 4th quarter valued at about $1,002,000.

BTC Development Price Performance

BDCI stock opened at $10.05 on Monday. The stock has a market cap of $305.02 million and a price-to-earnings ratio of 40.20. BTC Development Corp. has a twelve month low of $9.96 and a twelve month high of $10.26. The firm’s 50-day moving average is $10.02.

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

About BTC Development

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.