BTC Development Corp.
BDCIU- Exchange
- Nasdaq
- Industry
- Blank Checks
- SEC CIK
- 0002042292
No open-market purchases or sales by BTC Development Corp. insiders were filed in the last 90 days; 13 institutions reported holding it in 13F filings for Q2 2026, worth $13.3M in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in BTC Development Corp. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 20
- −44 vs. Q3 2025
- Shares held
- 2.14M
- −21.8M (−91.1%) vs. Q3 2025
- Total value
- $21.7M
- −$219.9M (−91.0%) vs. Q3 2025
- New holders
- 4
- 2 more added
- Sold out
- 48
- 8 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BDCIU on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 13 | $13.3M |
| Q1 2026 | 14 | $13.3M |
| Q4 2025 | 20 | $21.7M |
| Q3 2025 | 65 | $242.1M |
| Q2 2025 | 0 | $0 |
| Q1 2025 | 0 | $0 |
| Q4 2024 | 0 | $0 |
| Q3 2024 | 0 | $0 |
| Q2 2024 | 0 | $0 |
| Q1 2024 | 0 | $0 |
| Q4 2023 | 0 | $0 |
| Q3 2023 | 0 | $0 |
| Q2 2023 | 0 | $0 |
| Q1 2023 | 0 | $0 |
| Q4 2022 | 0 | $0 |
| Q3 2022 | 0 | $0 |
| Q2 2022 | 0 | $0 |
| Q1 2022 | 0 | $0 |
| Q4 2021 | 0 | $0 |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding BTC Development Corp.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Steadfast Capital Management LP | 525,000 | $5.32M | 0.09% | 00.0% | Unchanged |
| Toronto Dominion Bank | 312,010 | $3.16M | 0.01% | +62,010+24.8% | Added |
| HGC Investment Management Inc. | 200,000 | $2.03M | 0.43% | 00.0% | Unchanged |
| Rivernorth Capital Management, LLC | 199,756 | $2.03M | 0.10% | −244−0.1% | Reduced |
| Karpus Management, Inc. | 146,650 | $1.49M | 0.05% | −3,350−2.2% | Reduced |
| Meteora Capital, LLC | 127,420 | $1.29M | 0.11% | −2,072,580−94.2% | Reduced |
| HRT Financial LP | 100,613 | $1.02M | 0.00% | +612+0.6% | Added |
| Millennium Management LLC | 97,752 | $991.2K | 0.00% | −260,748−72.7% | Reduced |
| Clear Street Group Inc. | 88,760 | $900.0K | 0.00% | −261,240−74.6% | Reduced |
| Stifel Financial Corp | 74,250 | $752.9K | 0.00% | +74,250 | New |
| Bulldog Investors, LLP | 70,154 | $711.4K | 0.16% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 50,000 | $507.0K | 0.00% | 00.0% | Unchanged |
| Westchester Capital Management, LLC | 50,000 | $507.0K | 0.02% | 00.0% | Unchanged |
| Scoggin Management LP | 20,000 | $202.8K | 0.08% | −30,000−60.0% | Reduced |
| Readystate Asset Management LP | 20,000 | $202.8K | 0.01% | 00.0% | Unchanged |
| Sandia Investment Management LP | 15,000 | $152.1K | 0.38% | −5,000−25.0% | Reduced |
| Quarry LP | 15,000 | $152.1K | 0.02% | −5,000−25.0% | Reduced |
| Lineage Point Capital LP | 12,768 | $129.5K | 0.05% | +12,768 | New |
| Citadel Advisors LLC | 10,073 | $102.2K | 0.00% | +10,073 | New |
| UBS Group AG | 25 | $254 | 0.00% | +25 | New |
| Glazer Capital, LLC | 0 | $0 | 0.00% | −1,525,554−100.0% | Sold out |
| Linden Advisors LP | 0 | $0 | 0.00% | −1,125,000−100.0% | Sold out |
| Tenor Capital Management Co., L.P. | 0 | $0 | 0.00% | −1,125,000−100.0% | Sold out |
| LMR Partners LLP | 0 | $0 | 0.00% | −1,125,000−100.0% | Sold out |
| CNH Partners LLC | 0 | $0 | 0.00% | −1,125,000−100.0% | Sold out |
| Adage Capital Partners GP, L.L.C. | 0 | $0 | 0.00% | −1,000,000−100.0% | Sold out |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −1,000,000−100.0% | Sold out |
| Magnetar Financial LLC | 0 | $0 | 0.00% | −750,000−100.0% | Sold out |
| Healthcare of Ontario Pension Plan Trust Fund | 0 | $0 | 0.00% | −750,000−100.0% | Sold out |
| Vivaldi Asset Management, LLC | 0 | $0 | 0.00% | −750,000−100.0% | Sold out |
| Harraden Circle Investments, LLC | 0 | $0 | 0.00% | −725,000−100.0% | Sold out |
| CSS LLC | 0 | $0 | 0.00% | −707,880−100.0% | Sold out |
| Polar Asset Management Partners Inc. | 0 | $0 | 0.00% | −525,000−100.0% | Sold out |
| Saba Capital Management, L.P. | 0 | $0 | 0.00% | −525,000−100.0% | Sold out |
| Periscope Capital Inc. | 0 | $0 | 0.00% | −508,500−100.0% | Sold out |
| Decagon Asset Management LLP | 0 | $0 | 0.00% | −500,000−100.0% | Sold out |
| Shaolin Capital Management LLC | 0 | $0 | 0.00% | −449,480−100.0% | Sold out |
| Highbridge Capital Management LLC | 0 | $0 | 0.00% | −400,000−100.0% | Sold out |
| Aristeia Capital LLC | 0 | $0 | 0.00% | −400,000−100.0% | Sold out |
| Hudson Bay Capital Management LP | 0 | $0 | 0.00% | −400,000−100.0% | Sold out |
| Moore Capital Management, LP | 0 | $0 | 0.00% | −400,000−100.0% | Sold out |
| Context Capital Management, LLC | 0 | $0 | 0.00% | −350,000−100.0% | Sold out |
| Wealthspring Capital LLC | 0 | $0 | 0.00% | −347,120−100.0% | Sold out |
| K2 Principal Fund, L.P. | 0 | $0 | 0.00% | −300,000−100.0% | Sold out |
| Sculptor Capital LP | 0 | $0 | 0.00% | −250,000−100.0% | Sold out |
| Fifth Lane Capital, LP | 0 | $0 | 0.00% | −250,000−100.0% | Sold out |
| Governors Lane LP | 0 | $0 | 0.00% | −200,000−100.0% | Sold out |
| Mint Tower Capital Management B.V. | 0 | $0 | 0.00% | −200,000−100.0% | Sold out |
| Radcliffe Capital Management, L.P. | 0 | $0 | 0.00% | −152,500−100.0% | Sold out |
| Empyrean Capital Partners, LP | 0 | $0 | 0.00% | −150,000−100.0% | Sold out |
| Weiss Asset Management LP | 0 | $0 | 0.00% | −150,000−100.0% | Sold out |
| Berkley W R Corp | 0 | $0 | 0.00% | −148,816−100.0% | Sold out |
| Driehaus Capital Management LLC | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Whitebox Advisors LLC | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Parallax Volatility Advisers, L.P. | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| DLD Asset Management, LP | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| StoneX Group Inc. | 0 | $0 | 0.00% | −85,000−100.0% | Sold out |
| Mizuho Securities USA LLC | 0 | $0 | 0.00% | −70,000−100.0% | Sold out |
| Boothbay Fund Management, LLC | 0 | $0 | 0.00% | −54,988−100.0% | Sold out |
| Crossingbridge Advisors, LLC | 0 | $0 | 0.00% | −50,000−100.0% | Sold out |
| JPMorgan Chase & Co | 0 | $0 | 0.00% | −32,000−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −26,548−100.0% | Sold out |
| Wolverine Asset Management LLC | 0 | $0 | 0.00% | −20,000−100.0% | Sold out |
| Picton Mahoney Asset Management | 0 | $0 | 0.00% | −20,000−100.0% | Sold out |
| Calamos Advisors LLC | 0 | $0 | 0.00% | −19,683−100.0% | Sold out |
| Warberg Asset Management LLC | 0 | $0 | 0.00% | −19,000−100.0% | Sold out |
| Atw Spac Management LLC | – | – | – | – | Not filed |