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Company research

BTC Development Corp.

CIK 2042292Updated Sep 24, 2026

BDCI price & chart

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About the company

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. We have generated no operating revenues to date and we do not expect that we will generate operating revenues until we consummate our initial business combination.

424B4 · 2025-09-30 · 0001213900-25-093944

Company description from the cited filing.

Financials

FY 2025 · USD
Revenue · FY 2025
Net income1,871,283USD · FY 2025
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Cash · FY 2025
Operating income-541,272USD · FY 2025
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Diluted EPS · FY 2025

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024
ASSETS
AssetsUSD257,284,312
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

329,930
Source

10-Q · 2025-11-12 · 0001213900-25-109324

As of 2024-12-31

Current assets:
Assets, CurrentUSD2,206,132
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD10,876,958
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

381,574
Source

10-Q · 2025-11-12 · 0001213900-25-109324

As of 2024-12-31

Stockholders’ equity:
Retained Earnings (Accumulated Deficit)USD-8,606,146
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

-51,644
Source

10-Q · 2025-11-12 · 0001213900-25-109324

As of 2024-12-31

Stockholders' Equity Attributable to ParentUSD-8,605,201
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

-51,644
Source

10-Q · 2025-11-12 · 0001213900-25-109324

As of 2024-12-31

Liabilities and EquityUSD257,284,312
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

329,930
Source

10-Q · 2025-11-12 · 0001213900-25-109324

As of 2024-12-31

Current liabilities:
Liabilities, CurrentUSD96,958
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

381,574
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2024-12-31

Additional Financial Items
Accrued Liabilities, CurrentUSD21,958
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

27,680
Source

10-Q · 2025-11-12 · 0001213900-25-109324

As of 2024-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025
Cash flows from operating activities:
Net Cash Provided by (Used in) Operating ActivitiesUSD-745,838
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD-252,600,000
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Cash flows from financing activities:
Net Cash Provided by (Used in) Financing ActivitiesUSD255,331,537
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD1,985,699
Source

10-K · 2026-03-24 · 0001213900-26-033564

As of 2025-12-31

Additional Financial Items
General and Administrative ExpenseUSD37,500
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Investment Income, InterestUSD2,412,555
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Net Income (Loss) Attributable to ParentUSD1,871,283
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Operating Costs and ExpensesUSD541,272
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Payments to Acquire InvestmentsUSD253,000,000
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025
Operating Income (Loss)USD-541,272
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Net Income (Loss) Attributable to ParentUSD1,871,283
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Additional Financial Items
General and Administrative ExpenseUSD37,500
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Investment Income, InterestUSD2,412,555
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Operating Costs and ExpensesUSD541,272
Source

10-K · 2026-03-24 · 0001213900-26-033564

2025-01-01 to 2025-12-31

Lines labelled “Derived” are calculated from reported figures.

Offerings

Registration 333-289705

424B4 · 2025-09-30 · 0001213900-25-093944

Terms from the governing filing for this registration; not a claim that the offering is open today.

Gross proceeds
220000000.0
Net proceeds
206800000.0
Deal price
10.0
Shares
22000000
Offering amount
$220,000,000
Offering price
$10.00
Ticker
BDCIU

Filing attachments

ea027788401ex99-1_btc.htm · 8-K · 2026-02-24

EX-99.1 2 ea027788401ex99-1_btc.htm BTC DEVELOPMENT CORP. PFIC ANNUAL STATEMENT - CLASS A Exhibit 99.1 BTC Development Corp. PFIC Annual Statement Entity Name: BTC Development Corp. BTC Development Corp. (the "Company") may be considered a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes. The following information is provided to allow a shareholder of the Company (a "Shareholder") to make an election under Section 1295 of the Internal Revenue Code to trea

8-K · 2026-02-24 · 0001213900-26-019870

Read attachment ↗
ea026034001ex99-1_btcdevelop.htm · 8-K · 2025-10-07

EX-99.1 2 ea026034001ex99-1_btcdevelop.htm AUDITED BALANCE SHEET OF THE COMPANY AS OF OCTOBER 1, 2025 Exhibit 99.1 INDEX TO FINANCIAL STATEMENT Page Financial Statement of BTC Development Corp.: Report of Independent Registered Public Accounting Firm F-2 Balance Sheet as of October 1, 2025 F-3 Notes to Financial Statement F-4 F-1 REPORT OF INDEPENDENT REGIS

8-K · 2025-10-07 · 0001213900-25-097023

Read attachment ↗
ea025928501ex4-1_btc.htm · 8-K · 2025-10-03

EX-4.1 4 ea025928501ex4-1_btc.htm WARRANT AGREEMENT, DATED SEPTEMBER 29, 2025, BETWEEN CONTINENTAL STOCK TRANSFER & TRUST COMPANY AND THE COMPANY Exhibit 4.1 WARRANT AGREEMENT BTC DEVELOPMENT CORP. and CONTINENTAL STOCK TRANSFER & TRUST COMPANY Dated September 29, 2025 THIS WARRANT AGREEMENT (this “Agreement”), dated September 29, 2025, is by and between BTC Development Corp., a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York cor

8-K · 2025-10-03 · 0001213900-25-096131

Read attachment ↗
ea025928501ex99-1_btc.htm · 8-K · 2025-10-03

EX-99.1 12 ea025928501ex99-1_btc.htm PRESS RELEASE DATED SEPTEMBER 29, 2025 (PRICING OF THE IPO) Exhibit 99.1 BTC Development Corp. Announces Pricing of $220,000,000 Initial Public Offering PHILADELPHIA, PA, Sept. 30, 2025 (GLOBE NEWSWIRE) - BTC Development Corp (NASDAQ:BDCIU) (the “Company”) today announced the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market under the symbol “BDCIU” an

8-K · 2025-10-03 · 0001213900-25-096131

Read attachment ↗
ea025928501ex99-2_btc.htm · 8-K · 2025-10-03

EX-99.2 13 ea025928501ex99-2_btc.htm PRESS RELEASE DATED OCTOBER 3, 2025 (CLOSING OF THE IPO) Exhibit 99.2 BTC Development Corp. Completes $253 Million Initial Public Offering PHILADELPHIA, PA, October 3, 2025 (Globe Newswire) - BTC Development Corp. (NASDAQ: BDCIU) (the “Company”) today announced the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offe

8-K · 2025-10-03 · 0001213900-25-096131

Read attachment ↗
ea022571506ex4-1_btc.htm · S-1 · 2025-08-19

EX-4.1 5 ea022571506ex4-1_btc.htm SPECIMEN UNIT CERTIFICATE Exhibit 4.1 NUMBER OF UNITS U- SEE REVERSE FOR CERTAIN DEFINITIONS CUSIP G0701G 125 BTC DEVELOPMENT CORP. UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE AND ONE-FOURTH OF ONE WARRANT TO PURCHASE ONE CLASS A ORDINARY SHARE THIS CERTIFIES THAT is the owner of Units. ──────────────────────────────────────────────────────── Each Unit (“Unit”) consists of one (1) Class A ordinary share, par value $0.0001 per sh

S-1 · 2025-08-19 · 0001213900-25-078198

Read attachment ↗