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 treat the Company as a Qualified Electing Fund (“QEF Election”) for U.S. federal income tax purposes. The QEF Election is optional and can only be made by the Shareholder. The Company is unable to make this election on behalf of the Shareholder. Please note that a QEF Election may not be recognized for state income tax purposes in some states. The PFIC rules are complex. Please consult with your personal tax advisor to determine whether or not it is advisable for you to make a QEF Election with respect to your investment in the Company. (1) This PFIC Annual Information statement applies to the tax period of the Company: Beginning 1/1/2025 Ending 12/31/2025 (2) …
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
BTC Development Corp.
BDCINASDAQEQUITYCurrent
Other Events
Item 8.01. Other Events. On February 24, 2026, BTC Development Corp. made available to holders of its Class A ordinary shares its PFIC Annual Statement for fiscal year 2025, which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
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.