Beneficial Ownership Report · SCHEDULE 13G
BTC Development Corp.
BDCINASDAQEQUITYCurrent
Beneficial Ownership Report
Structured filing — SCHEDULE 13G
primary_doc.xml
Subject company
- Company
- BTC Development Corp.
- Company CIK
- 0002042292
- Street
- 2929 Arch Street
- Street (continued)
- Suite 1703
- City
- Philadelphia
- State / country code
- PA
- Postal code
- 19104
Statement details
- Security class
- Class A ordinary shares, $0.0001 par value
- Event date
- 09/30/2026
- Rule designation
- Rule 13d-1(b)
Reporting person 1
- Name
- Wolverine Asset Management, LLC
- Citizenship / organization
- IL
- Reporting person type
- IA
- Aggregate amount owned
- 1,498,805.00
- Percent of class
- 5.75
- Sole voting power
- 0.00
- Shared voting power
- 1,498,805.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 1,498,805.00
Reporting person 2
- Name
- Wolverine Holdings, LLC
- Citizenship / organization
- DE
- Reporting person type
- HC
- Aggregate amount owned
- 1,498,805.00
- Percent of class
- 5.75
- Sole voting power
- 0.00
- Shared voting power
- 1,498,805.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 1,498,805.00
Reporting person 3
- Name
- Christopher L. Gust
- Citizenship / organization
- IL
- Reporting person type
- HC · IN
- Aggregate amount owned
- 1,498,805.00
- Percent of class
- 5.75
- Sole voting power
- 0.00
- Shared voting power
- 1,498,805.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 1,498,805.00
Reporting person 4
- Name
- Robert R. Bellick
- Citizenship / organization
- IL
- Reporting person type
- HC · IN
- Aggregate amount owned
- 1,498,805.00
- Percent of class
- 5.75
- Sole voting power
- 0.00
- Shared voting power
- 1,498,805.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 1,498,805.00
Item 1
Issuer
BTC Development Corp.
Principal executive office address
2929 Arch Street, Suite 1703, Philadelphia, PA 19104
Item 2
Citizenship
Wolverine Asset Management, LLC - Illinois Wolverine Holdings, LLC - Delaware Christopher L. Gust - U.S. Citizen Robert R. Bellick - U.S. Citizen
Filing person
Wolverine Asset Management, LLC Wolverine Holdings, LLC Christopher L. Gust Robert R. Bellick
Principal business or residence address
c/o Wolverine Asset Management, LLC 175 West Jackson Boulevard, Suite 340 Chicago, IL 60604
Item 3
Not applicable indication
N
Type of filing person
IA · HC
Item 4
Percent of class
WAM may be deemed the beneficial owner of 5.75 % of the Issuer's outstanding Ordinary Shares and each of Wolverine Holdings, Mr. Bellick, and Mr. Gust may be deemed the beneficial owner of 5.75 % of the Issuer's outstanding Ordinary Shares. Percentages were calculated by dividing the number of shares deemed beneficially owned by each reporting person by 26,060,000 (the number of Class A ordinary shares outstanding as of August 10, 2026 according to the Issuer's Form 10-Q filed August 10, 2026).
Amount beneficially owned
Wolverine Asset Management, LLC ("WAM") is an investment adviser and has voting and dispositive power over 1,498,805 Class A ordinary shares of the Issuer. The sole member and manager of WAM is Wolverine Holdings, LLC ("Wolverine Holdings"). Robert R. Bellick and Christopher L. Gust, may be deemed to control Wolverine Holdings in their roles as Managers of Wolverine Holdings. Each of Wolverine Holdings, Mr. Bellick, and Mr. Gust have voting and dispositive power over 1,498,805 Class A ordinary shares of the Issuer.
Sole voting power
0
Shared voting power
WAM has shared power to vote or direct the vote of 1,498,805 Class A ordinary shares of the Issuer, and each of Wolverine Holdings, Mr. Bellick, and Mr. Gust has shared power to vote or direct the vote of 1,498,805 Class A ordinary shares of the Issuer, in each case as set forth in Item4(a) above.
Sole dispositive power
0
Shared dispositive power
WAM has shared power to dispose or direct the disposition of 1,498,805 Class A ordinary shares of the Issuer, and each of Wolverine Holdings, Mr. Bellick, and Mr. Gust has shared power to dispose or direct the disposition of 1,498,805 Class A ordinary shares of the Issuer, in each case as set forth in Item4(a) above.
Item 5
Not applicable indication
Y
Item 6
Not applicable indication
N
Ownership on behalf of another person
Wolverine Flagship Fund Trading Limited is known to have the right to receive the receipt of dividends from, or the proceeds from the sale of, the shares of the Issuer's Ordinary Shares covered by this statement that may be deemed to be beneficially owned by WAM.
Item 7
Not applicable indication
Y
Item 8
Not applicable indication
Y
Item 9
Not applicable indication
Y
Item 10
Not applicable indication
N
Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
Signature 1
- Reporting person
- Wolverine Asset Management, LLC
- Signed
- /s/ Kenneth L. Nadel
- Title
- Kenneth L. Nadel, Chief Operating Officer
- Date
- 10/06/2026
Signature 2
- Reporting person
- Wolverine Holdings, LLC
- Signed
- /s/ Christopher L. Gust
- Title
- Christopher L. Gust, Manager
- Date
- 10/06/2026
Signature 3
- Reporting person
- Christopher L. Gust
- Signed
- /s/ Christopher L. Gust
- Title
- Christopher L. Gust
- Date
- 10/06/2026
Signature 4
- Reporting person
- Robert R. Bellick
- Signed
- /s/ Robert R. Bellick
- Title
- Robert R. Bellick
- Date
- 10/06/2026
Company context
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.
Current securities
Recent company filings
- SCHEDULE 13G/A - filed by RP Investment Advisors LP regarding BTC Development Corp.Nov 12, 2026
- 10-Q filingNov 10, 2026
- SCHEDULE 13G/A - filed by METEORA CAPITAL, LLC regarding BTC Development Corp.Aug 14, 2026
- 10-Q filingAug 10, 2026
- SCHEDULE 13G - filed by METEORA CAPITAL, LLC regarding BTC Development Corp.May 15, 2026