Context Capital Management LLC Invests $3.50 Million in BTC Development Corp. $BDCI

by · The Markets Daily

Context Capital Management LLC acquired a new position in shares of BTC Development Corp. (NASDAQ:BDCI – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 350,000 shares of the company’s stock, valued at approximately $3,504,000. Context Capital Management LLC owned approximately 1.15% of BTC Development as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in BTC Development during the 4th quarter worth approximately $200,000. ABC Arbitrage SA bought a new stake in shares of BTC Development in the fourth quarter worth $200,000. Crossingbridge Advisors LLC bought a new stake in shares of BTC Development in the fourth quarter worth $250,000. StoneX Group Inc. acquired a new position in BTC Development during the fourth quarter worth $526,000. Finally, Marshall Wace LLP acquired a new position in BTC Development during the fourth quarter worth $1,002,000.

BTC Development Stock Performance

BTC Development stock opened at $10.05 on Friday. BTC Development Corp. has a 1-year low of $9.96 and a 1-year high of $10.26. The company has a fifty day simple moving average of $10.02. The company has a market capitalization of $304.99 million and a P/E ratio of 40.20.

BTC Development (NASDAQ:BDCI – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.05 EPS for the quarter.

BTC Development Profile

(Free Report)

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.

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