BTC Development Corp. (BDCI)
BTC Development Corp. operates as a special purpose acquisition company (SPAC). Its core objective is to finalize a business combination, which might entail a merger, share exchange, asset acquisition, reorganization, or similar transaction, with one or more existing enterprises. The firm was established on April 3, 2023, and maintains its principal office in Philadelphia, PA.
Sector: Blank Checks
Industry: Shell Companies
BTC Development Corp. Class A Ordinary Shares
NASDAQ:BDCIFinancial Services · Asset Management
+0.05%$10.16
AH Close$10.16+0.00%vs close
AH Close$10.16+0.00%vs close
Mkt Cap$264.77M
Float25.55M
O/S26.06M
Inst Own84.1%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income$847K
Total Assets$257.28M
Free Cash Flow-$746K
Debt & Equity
Total Debt$0
Total Equity-$8.61M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:75Reverse splitOct 4, 200675 shares → 1
Balance Sheet Details
Assets$257.28M
Liabilities$10.88M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $0 | $0 | $0 |
| YoY Growth | - | - | - |
| Cost of Revenue | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 |
| Gross Margin | - | - | - |
| Research and Development | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $34K | $18K |
| Other | $0 | $0 | $0 |
| Total Operating Expenses | $0 | $34K | $18K |
| Operating Income (EBIT) | $0 | $0 | -$18K |
| Operating Margin | - | - | - |
| Interest Expense | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 |
| Other Income (Expense) | $0 | -$34K | $0 |
| Income Before Tax (EBT) | $847K | -$34K | -$18K |
| Income Tax Expense | $0 | $0 | $0 |
| Net Income | $847K | -$34K | -$18K |
| Net Income Margin | - | - | - |
| Supplementary Data | |||
| EPS | 0.13 | -0.00 | -0.00 |
| Diluted EPS | 0.13 | -0.00 | -0.00 |
| Weighted Average OS | 6.50M | 30.35M | 30.35M |
| EBITDA | $0 | -$34K | -$18K |
| EBITDA Margin | - | - | - |
Balance Sheet
| Period | FY 2025 |
|---|---|
| Currency | USD |
| Period Ending | 2025-12-31 |
| Assets | |
| Current Assets | |
| Cash and Cash Equivalents | $1.99M |
| Short-Term Investments | $0 |
| Cash and Short-Term Investments | $1.99M |
| Accounts Receivable | $0 |
| Inventory | $0 |
| Other Current Assets | $220K |
| Total Current Assets | $2.21M |
| Long-Term Assets | |
| Property, Plant & Equipment Net | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Deferred Tax Assets | $0 |
| Other Long-Term Assets | $255.08M |
| Total Long-Term Assets | $255.08M |
| Other Assets | $0 |
| Total Assets | $257.28M |
| Liabilities | |
| Current Liabilities | |
| Accounts Payable | $0 |
| Short-Term Debt | $0 |
| Current Income Tax Payable | $0 |
| Current Unearned Revenue | $0 |
| Other Current Liabilities | $97K |
| Total Current Liabilities | $97K |
| Long-Term Liabilities | |
| Long-Term Debt | $0 |
| Long-Term Unearned Revenue | $0 |
| Long-Term Deferred Tax Liabilities | $0 |
| Other Long-Term Liabilities | $10.78M |
| Total Long-Term Liabilities | $10.78M |
| Other Liabilities | $0 |
| Total Liabilities | $10.88M |
| Stockholders' Equity | |
| Preferred Stock | $0 |
| Common Stock | $512.3M |
| Retained Earnings | -$8.61M |
| Comprehensive Income & Other | $0 |
| Other Stockholders' Equity | -$512.3M |
| Total Equity | -$8.61M |
| Minority Interest | $0 |
| Total Liabilities and Equity | $2.27M |
| Supplementary Data | |
| Total Debt | $0 |
| Net Debt | -$1.99M |
Cash Flow Statement
| Period | FY 2025 |
|---|---|
| Currency | USD |
| Period Ending | 2025-12-31 |
| Operating Activities | |
| Net Income | $847K |
| Depreciation & Amortization | $0 |
| Deferred Income Tax | $0 |
| Stock-Based Compensation | $0 |
| Changes in Working Capital: | |
| Accounts Receivable | $0 |
| Inventory | $0 |
| Accounts Payable | $0 |
| Other Working Capital | $0 |
| Total Working Capital Change | $0 |
| Other Non-Cash Items | -$1.59M |
| Net Cash from Operating | -$746K |
| Investing Activities | |
| Capital Expenditures | $0 |
| Acquisitions | $0 |
| Purchases of Investments | $0 |
| Sales of Investments | $0 |
| Other Investing Activities | -$252.6M |
| Net Cash from Investing | -$252.6M |
| Financing Activities | |
| Debt Repaid | - |
| Common Stock Issuance | $0 |
| Common Stock Repurchases | $0 |
| Dividends Paid | $0 |
| Other Financing Activities | $255.33M |
| Net Cash from Financing | $255.33M |
| Forex Effect | $0 |
| Net Change in Cash | $0 |
| Supplementary Data | |
| Operating Cash Flow | -$746K |
| Capital Expenditure | $0 |
| Free Cash Flow | -$746K |
| Cash at Beginning | $0 |
| Cash at End | $1.99M |