Rivernorth Capital Management LLC Makes New Investment in BTC Development Corp. $BDCI

Posted by Geri Gentry on Jul 30th, 2026

Rivernorth Capital Management LLC purchased a new position in shares of BTC Development Corp. (NASDAQ:BDCI – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 199,756 shares of the company’s stock, valued at approximately $1,996,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BDCI. ABC Arbitrage SA bought a new stake in shares of BTC Development in the fourth quarter worth $200,000. Picton Mahoney Asset Management bought a new position in BTC Development in the fourth quarter valued at $200,000. Crossingbridge Advisors LLC bought a new position in BTC Development in the fourth quarter valued at $250,000. Boothbay Fund Management LLC acquired a new stake in BTC Development in the 4th quarter valued at $350,000. Finally, StoneX Group Inc. acquired a new stake in BTC Development in the 4th quarter valued at $526,000.

BTC Development Stock Performance

Shares of BDCI stock opened at $10.08 on Thursday. BTC Development Corp. has a 52-week low of $9.96 and a 52-week high of $10.26. The stock has a market cap of $305.90 million and a price-to-earnings ratio of 40.32. The firm’s 50-day moving average is $10.07 and its 200-day moving average is $10.04.

BTC Development (NASDAQ:BDCI – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.05 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of BTC Development from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Report on BDCI

BTC Development Profile

(Free Report)

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.