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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.

Other share classesBDCIBDCIW

Q4 2025 vs. Q3 2025

How the institutions holding BTC Development Corp. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025All holders in Q3 2025

13F holders of BDCIU: Q3 2025 compared with Q4 2025
MeasureQ3 2025Of which not filed for Q4 2025Q4 2025Change
Holders65120−44
Shares24.0M55.0K2.14M−21.8M (−91.1%)
Value$242.1M$555.4K$21.7M−$219.9M (−91.0%)

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (4)

Institutions that held BTC Development Corp. at the end of Q4 2025 but not at the end of Q3 2025.

Institutions new to BDCIU in Q4 2025
InstitutionSharesValue% of portfolio
Stifel Financial Corp74,250$752.9K0.00%
Lineage Point Capital LP12,768$129.5K0.05%
Citadel Advisors LLC10,073$102.2K0.00%
UBS Group AG25$2540.00%

Sold out (48)

Institutions that held BTC Development Corp. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of BDCIU in Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Glazer Capital, LLC1,525,554$15.4M
Linden Advisors LP1,125,000$11.4M
Tenor Capital Management Co., L.P.1,125,000$11.4M
LMR Partners LLP1,125,000$11.4M
CNH Partners LLC1,125,000$11.3M
Adage Capital Partners GP, L.L.C.1,000,000$10.1M
Verition Fund Management LLC1,000,000$10.1M
Magnetar Financial LLC750,000$7.58M
Healthcare of Ontario Pension Plan Trust Fund750,000$7.58M
Vivaldi Asset Management, LLC750,000$7.58M
Harraden Circle Investments, LLC725,000$7.32M
CSS LLC707,880$7.15M
Polar Asset Management Partners Inc.525,000$5.30M
Saba Capital Management, L.P.525,000$5.30M
Periscope Capital Inc.508,500$5.14M
Decagon Asset Management LLP500,000$5.05M
Shaolin Capital Management LLC449,480$4.54M
Highbridge Capital Management LLC400,000$4.04M
Aristeia Capital LLC400,000$4.04M
Hudson Bay Capital Management LP400,000$4.04M
Moore Capital Management, LP400,000$4.04M
Context Capital Management, LLC350,000$3.54M
Wealthspring Capital LLC347,120$3.51M
K2 Principal Fund, L.P.300,000$3.03M
Sculptor Capital LP250,000$2.52M
Fifth Lane Capital, LP250,000$2.52M
Governors Lane LP200,000$2.02M
Mint Tower Capital Management B.V.200,000$2.02M
Radcliffe Capital Management, L.P.152,500$1.54M
Empyrean Capital Partners, LP150,000$1.51M
Weiss Asset Management LP150,000$1.51M
Berkley W R Corp148,816$1.50M
Driehaus Capital Management LLC100,000$1.01M
Whitebox Advisors LLC100,000$1.01M
Marshall Wace, LLP100,000$1.01M
Parallax Volatility Advisers, L.P.100,000$1.01M
DLD Asset Management, LP100,000$1.01M
Centiva Capital, LP100,000$1.01M
StoneX Group Inc.85,000$858.5K
Mizuho Securities USA LLC70,000$708.0K
Boothbay Fund Management, LLC54,988$555.4K
Crossingbridge Advisors, LLC50,000$505.0K
JPMorgan Chase & Co32,000$323.2K
Virtu Financial LLC26,548$268.0K
Wolverine Asset Management LLC20,000$202.0K
Picton Mahoney Asset Management20,000$202.0K
Calamos Advisors LLC19,683$198.8K
Warberg Asset Management LLC19,000$191.9K

Not filed for Q4 2025 yet (1)

Institutions that held BTC Development Corp. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding BDCIU in Q3 2025 that haven't filed for Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Atw Spac Management LLC54,988$555.4K