Radcliffe Capital Management L.P. purchased a new stake in shares of BTC Development Corp. (NASDAQ:BDCI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 581,316 shares of the company’s stock, valued at approximately $5,819,000. Radcliffe Capital Management L.P. owned approximately 1.92% of BTC Development at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the business. ABC Arbitrage SA acquired a new position in BTC Development in the fourth quarter worth $200,000. Picton Mahoney Asset Management acquired a new stake in BTC Development in the 4th quarter valued at about $200,000. Crossingbridge Advisors LLC bought a new position in shares of BTC Development in the fourth quarter worth about $250,000. StoneX Group Inc. acquired a new position in shares of BTC Development during the fourth quarter worth approximately $526,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of BTC Development during the fourth quarter worth approximately $1,002,000.
BTC Development Price Performance
BDCI opened at $10.06 on Wednesday. The firm’s 50 day moving average is $10.03. BTC Development Corp. has a one year low of $9.96 and a one year high of $10.26. The company has a market capitalization of $305.32 million and a PE ratio of 40.24.
About BTC Development
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.
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