BDCINasdaqBlank ChecksFiscal year ends December 31Also trades as BDCIU, BDCIW
BTC Development Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$10.18+0.02 (+0.20%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
22M
Shares held, 13F filers
Institutional holders
52
5 new, 3 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BTC Development Sponsor LLC | 5,103,334 | 14.69% | 13D (active) | Oct 1, 2025 |
| Cohen Betsy Z | 4,095,833 | 11.79% | 13D (active) | Oct 1, 2025 |
| Meteora Capital, LLC | 1,959,175 | 7.52% | 13G (passive) amendment | Jun 30, 2026 |
| Robert R. Bellick | 1,498,805 | 5.75% | 13G (passive) | Sep 30, 2026 |
| RP Investment Advisors LP | 1,359,018 | 5.20% | 13G (passive) | May 11, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BDCI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Meteora Capital, LLC | 1,959,175 | – | $19.73M | New | 1.63% |
| Glazer Capital, LLC | 1,163,248 | – | $11.71K | – | 0.29% |
| Wolverine Asset Management LLC | 1,143,985 | – | $11.52M | +801,008 | 0.10% |
| Toronto Dominion Bank | 1,135,685 | – | $11.42M | −259,315 | 0.01% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,125,000 | – | $11.33M | – | 0.16% |
| Linden Advisors LP | 1,125,000 | – | $11.32M | – | 0.06% |
| LMR Partners LLP | 1,025,000 | – | $10.32M | – | 0.04% |
| Adage Capital Partners Gp, L.L.C. | 1,000,000 | – | $10.07M | – | 0.01% |
| AQR Arbitrage LLC | 878,674 | – | $8.84M | +16,616 | 0.13% |
| Verition Fund Management LLC | 840,159 | – | $8.45M | – | 0.04% |
| Magnetar Financial LLC | 750,000 | – | $7.55M | – | 0.07% |
| First Trust Capital Management L.P. | 738,849 | – | $7.44M | – | 0.43% |
| D. E. Shaw & Co., Inc. | 700,000 | – | $7.04M | New | 0.00% |
| Radcliffe Capital Management, L.P. | 653,362 | – | $6.58M | +2,042 | 0.50% |
| Alberta Investment Management Corp | 525,000 | – | $5.28M | – | 0.03% |
| Periscope Capital Inc. | 450,000 | – | $4.53M | – | 0.40% |
| Hudson Bay Capital Management LP | 400,000 | – | $4.02M | – | 0.01% |
| Moore Capital Management, LP | 400,000 | – | $4.03M | – | 0.06% |
| Aristeia Capital LLC | 400,000 | – | $4.03M | – | 0.05% |
| Two Sigma Investments, LP | 396,439 | – | $3.99M | – | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 52 | 22M | 5 / 7 | 8 / 3 | 4M | 2M |
| Q1 2026 | 50 | 20M | 7 / 9 | 12 / 8 | 2M | 4M |
| Q4 2025 | 52 | 22M | 52 / 0 | 0 / 0 | 22M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BDCI | Value | % of fund | As of |
|---|---|---|---|---|---|
| First Trust Merger Arbitrage Fund | 635,939 | – | $6.40M | 0.39% | Jun 30, 2026 |
| First Trust Multi-Strategy Fund | 98,562 | – | $991.53K | 0.07% | Jun 30, 2026 |
| Horizon Kinetics SPAC Active ETF | 25,164 | – | $253.15K | 2.51% | Jun 30, 2026 |
| Rivernorth Enhanced Pre-Merger SPAC ETF | 4,562 | – | $45.89K | 0.64% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Bracebridge H. Young Jr | President, CEO and Director, 10% owner | 512,500 | Sep 30, 2025 |
| Robert M. Smeal | Chief Financial Officer | – | Sep 30, 2025 |
| Hersh Kozlov | Director | – | Sep 30, 2025 |
| Andrew Hohns | Director | – | Sep 30, 2025 |
| Jonathan Kirkwood | Director, 10% owner | 512,500 | Sep 30, 2025 |
| Grant Gilliam | Director | – | Sep 30, 2025 |
| Betsy Z. Cohen | Director, 10% owner | 512,500 | Sep 30, 2025 |
| Development Sponsor LLC BTC | 10% owner | 512,500 | Sep 30, 2025 |
| Development Advisors LLC BTC | 10% owner | – | Sep 30, 2025 |