Mint Tower Capital Management B.V. Invests $2 Million in BTC Development Corp. $BDCI

Mint Tower Capital Management B.V. purchased a new position in shares of BTC Development Corp. (NASDAQ:BDCI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,002,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BDCI. ABC Arbitrage SA acquired a new position in shares of BTC Development during the 4th quarter worth $200,000. Picton Mahoney Asset Management acquired a new position in shares of BTC Development during the 4th quarter worth $200,000. Highbridge Capital Management LLC acquired a new position in shares of BTC Development during the 4th quarter worth $3,004,000. Wealthspring Capital LLC acquired a new position in shares of BTC Development during the 4th quarter worth $3,346,000. Finally, Periscope Capital Inc. acquired a new position in shares of BTC Development during the 4th quarter worth $4,943,000.

BTC Development Trading Down 0.1%

BDCI opened at $10.05 on Friday. The firm has a market cap of $305.02 million and a PE ratio of 40.20. The stock has a 50 day moving average price of $10.02. BTC Development Corp. has a 1-year low of $9.96 and a 1-year high of $10.26.

BTC Development (NASDAQ:BDCI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.05 earnings per share for the quarter.

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.