Clear Street Group Inc. Takes $2.60 Million Position in BTC Development Corp. $BDCI

Clear Street Group Inc. bought a new stake in shares of BTC Development Corp. (NASDAQ:BDCI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 259,653 shares of the company’s stock, valued at approximately $2,599,000. Clear Street Group Inc. owned about 0.86% of BTC Development at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BDCI. ABC Arbitrage SA purchased a new stake in shares of BTC Development during the 4th quarter valued at $200,000. Picton Mahoney Asset Management purchased a new stake in shares of BTC Development during the 4th quarter valued at $200,000. Crossingbridge Advisors LLC purchased a new stake in shares of BTC Development during the 4th quarter valued at $250,000. StoneX Group Inc. purchased a new stake in BTC Development in the 4th quarter worth about $526,000. Finally, Marshall Wace LLP purchased a new stake in BTC Development in the 4th quarter worth about $1,002,000.

BTC Development Stock Performance

Shares of BDCI opened at $10.05 on Monday. The business has a 50-day moving average price of $10.02. BTC Development Corp. has a fifty-two week low of $9.96 and a fifty-two week high of $10.26. The stock has a market cap of $305.02 million and a price-to-earnings ratio of 40.20.

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