225,000 Shares in BTC Development Corp. $BDCI Bought by Fifth Lane Capital LP

Fifth Lane Capital LP bought a new position in shares of BTC Development Corp. (NASDAQ:BDCI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 225,000 shares of the company’s stock, valued at approximately $2,284,000. BTC Development makes up 1.7% of Fifth Lane Capital LP’s investment portfolio, making the stock its 12th biggest holding. Fifth Lane Capital LP owned approximately 0.74% of BTC Development at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ABC Arbitrage SA acquired a new stake in BTC Development in the 4th quarter valued at about $200,000. Picton Mahoney Asset Management acquired a new position in BTC Development during the fourth quarter worth about $200,000. Crossingbridge Advisors LLC purchased a new stake in shares of BTC Development in the fourth quarter valued at about $250,000. StoneX Group Inc. acquired a new stake in shares of BTC Development in the fourth quarter valued at approximately $526,000. Finally, Marshall Wace LLP purchased a new position in shares of BTC Development during the 4th quarter worth approximately $1,002,000.

BTC Development Stock Performance

BDCI stock opened at $10.05 on Friday. The company has a 50 day moving average of $10.02. The stock has a market cap of $304.99 million and a price-to-earnings ratio of 40.20. BTC Development Corp. has a 1 year low of $9.96 and a 1 year high of $10.26.

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

About BTC Development

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.