Highbridge Capital Management LLC Buys New Stake in BTC Development Corp. $BDCI

Highbridge Capital Management LLC bought a new stake in BTC Development Corp. (NASDAQ:BDCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 300,000 shares of the company’s stock, valued at approximately $3,004,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BDCI. ABC Arbitrage SA purchased a new position in shares of BTC Development in the fourth quarter valued at $200,000. Wealthspring Capital LLC purchased a new position in shares of BTC Development in the fourth quarter valued at $3,346,000. Finally, Periscope Capital Inc. purchased a new position in shares of BTC Development in the fourth quarter valued at $4,943,000.

BTC Development Stock Performance

BDCI stock opened at $10.06 on Friday. The firm has a fifty day simple moving average of $10.02. The stock has a market capitalization of $305.17 million and a price-to-earnings ratio of 40.22. BTC Development Corp. has a fifty-two week low of $9.96 and a fifty-two week high of $10.26.

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