OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $1 Million 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) in the 4th quarter, Holdings Channel reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,002,000.

A number of other institutional investors have also recently modified their holdings of BDCI. ABC Arbitrage SA purchased a new position in BTC Development in the fourth quarter worth $200,000. Picton Mahoney Asset Management purchased a new stake in shares of BTC Development during the 4th quarter worth $200,000. Crossingbridge Advisors LLC purchased a new stake in shares of BTC Development during the 4th quarter worth $250,000. Boothbay Fund Management LLC purchased a new stake in shares of BTC Development during the 4th quarter worth $350,000. Finally, StoneX Group Inc. acquired a new position in shares of BTC Development during the 4th quarter worth $526,000.

BTC Development Price Performance

Shares of BDCI opened at $10.07 on Friday. The company has a 50-day moving average of $10.03. The stock has a market cap of $305.47 million and a P/E ratio of 40.26. BTC Development Corp. has a 52-week low of $9.96 and a 52-week high of $10.26.

BTC Development (NASDAQ:BDCI) last released 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.