BTC Development (NASDAQ:BDCI) Releases Earnings Results

BTC Development (NASDAQ:BDCI) released its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

BTC Development Trading Down 0.0%

BDCI traded down $0.01 during trading on Thursday, hitting $10.03. 146 shares of the company’s stock were exchanged, compared to its average volume of 41,428. The firm’s 50 day moving average price is $10.00. BTC Development has a fifty-two week low of $9.96 and a fifty-two week high of $10.26. The company has a market cap of $304.23 million and a PE ratio of 50.13.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BDCI. Wealthspring Capital LLC bought a new stake in shares of BTC Development in the 4th quarter worth $3,346,000. ABC Arbitrage SA bought a new stake in shares of BTC Development in the 4th quarter worth $200,000. Aristeia Capital L.L.C. bought a new stake in shares of BTC Development in the 4th quarter worth $4,004,000. Radcliffe Capital Management L.P. bought a new stake in shares of BTC Development in the 4th quarter worth $5,819,000. Finally, Magnetar Financial LLC bought a new stake in shares of BTC Development in the 4th quarter worth $7,511,000.

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.