OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Shares in BTC Development Corp. $BDCI

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in BTC Development Corp. (NASDAQ:BDCI) during the 4th quarter, HoldingsChannel reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in BTC Development during the fourth quarter valued at $200,000. Picton Mahoney Asset Management purchased a new position in BTC Development during the fourth quarter valued at $200,000. Crossingbridge Advisors LLC purchased a new position in BTC Development during the fourth quarter valued at $250,000. StoneX Group Inc. purchased a new position in BTC Development during the fourth quarter valued at $526,000. Finally, Marshall Wace LLP purchased a new position in BTC Development during the fourth quarter valued at $1,002,000.

BTC Development Price Performance

Shares of BTC Development stock opened at $10.07 on Tuesday. The stock has a market capitalization of $305.62 million and a price-to-earnings ratio of 40.28. The firm’s fifty day moving average price is $10.03. BTC Development Corp. has a 12 month low of $9.96 and a 12 month high of $10.26.

BTC Development (NASDAQ:BDCI) last announced its quarterly earnings data 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.