Aristeia Capital L.L.C. Buys Shares of 400,000 BTC Development Corp. $BDCI

Aristeia Capital L.L.C. purchased a new position in BTC Development Corp. (NASDAQ:BDCI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $4,004,000. Aristeia Capital L.L.C. owned 1.32% of BTC Development at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AQR Arbitrage LLC bought a new position in shares of BTC Development in the fourth quarter worth approximately $8,898,000. Polar Asset Management Partners Inc. purchased a new stake in BTC Development during the fourth quarter valued at $7,141,000. Meteora Capital LLC purchased a new stake in BTC Development during the fourth quarter valued at $18,337,000. Cantor Fitzgerald L. P. purchased a new stake in shares of BTC Development in the fourth quarter valued at $981,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of BTC Development in the fourth quarter valued at $10,010,000.

BTC Development Trading Up 0.1%

Shares of BDCI opened at $10.06 on Thursday. The stock has a market capitalization of $305.32 million and a P/E ratio of 40.24. BTC Development Corp. has a twelve month low of $9.96 and a twelve month high of $10.26. The company has a fifty day moving average price of $10.03.

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

BTC Development 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.