BTC Development Corp. $BDCI Shares Newly Acquired by StoneX Group Inc.

StoneX Group Inc. bought a new stake in shares of BTC Development Corp. (NASDAQ:BDCI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 150,009 shares of the company’s stock, valued at approximately $1,519,000.

Several other large investors have also modified their holdings of BDCI. Bulldog Investors LLP purchased a new stake in shares of BTC Development in the 1st quarter worth approximately $670,000. Rivernorth Capital Management LLC bought a new position in shares of BTC Development during the first quarter valued at approximately $1,996,000. Finally, Sona Asset Management US LLC bought a new position in shares of BTC Development during the first quarter valued at approximately $2,622,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of BTC Development from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, BTC Development currently has a consensus rating of “Sell”.

BTC Development Price Performance

BDCI opened at $10.18 on Tuesday. BTC Development Corp. has a 12 month low of $9.96 and a 12 month high of $10.20. The stock has a fifty day moving average price of $10.16 and a 200-day moving average price of $10.08.

BTC Development (NASDAQ:BDCI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.05 earnings per share for the quarter.

BTC Development Profile

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.