| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BTC Development Sponsor LLC | 15% | 5,103,334 | BTC Development Sponsor LLC | 01 Oct 2025 | ||||
| BTC Development Advisors LLC | 12% | 4,095,833 | BTC Development Advisors LLC | 01 Oct 2025 | ||||
| METEORA CAPITAL, LLC | 7% | $18,336,869 | 1,831,855 | Meteora Capital, LLC | 31 Dec 2025 | |||
| TD SECURITIES (USA) LLC | 4.6% | $12,012,000 | 1,200,000 | Toronto Dominion Bank | 31 Dec 2025 |
As of 31 Dec 2025, 50 institutional investors reported holding 22,171,604 shares of BTC Development Corp. - Class A Common Stock (BDCI). This represents 85% of the company’s total 26,059,906 outstanding shares.
The largest institutional shareholders of BTC Development Corp. - Class A Common Stock (BDCI) together control 72% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | 7% | 1,831,855 | 1.5% | $18,336,869 | |
| TORONTO DOMINION BANK | 5.1% | 1,332,581 | 0.02% | $13,345,136 | |
| Glazer Capital, LLC | 4.5% | 1,174,323 | 0.31% | $11,755,000 | |
| Linden Advisors LP | 4.3% | 1,125,000 | 0.07% | $11,266,875 | |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 4.3% | 1,125,000 | 0.16% | $11,261,250 | |
| LMR Partners LLP | 3.9% | 1,025,000 | 0.1% | $10,260,250 | |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 3.8% | 1,000,000 | 0.02% | $10,010,000 | |
| AQR Arbitrage LLC | 3.4% | 888,512 | 0.19% | $8,898,448 | |
| Verition Fund Management LLC | 3.1% | 819,179 | 0.04% | $8,204,078 | |
| Magnetar Financial LLC | 2.9% | 750,000 | 0.07% | $7,511,250 | |
| First Trust Capital Management L.P. | 2.9% | 750,000 | 0.46% | $7,507,500 | |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 2.9% | 750,000 | 0.01% | $7,511,250 | |
| Polar Asset Management Partners Inc. | 2.7% | 713,394 | 0.14% | $7,141,074 | |
| Harraden Circle Investments, LLC | 2.6% | 666,903 | 1.2% | $6,675,699 | |
| Radcliffe Capital Management, L.P. | 2.2% | 581,316 | 0.32% | $5,818,973 | |
| Saba Capital Management, L.P. | 2% | 525,000 | 0.18% | $5,255,250 | |
| Alberta Investment Management Corp | 2% | 525,000 | 0.03% | $5,257,875 | |
| Periscope Capital Inc. | 1.9% | 493,802 | 0.96% | $4,942,958 | |
| MOORE CAPITAL MANAGEMENT, LP | 1.5% | 400,000 | 0.08% | $4,004,000 | |
| Hudson Bay Capital Management LP | 1.5% | 400,000 | 0.02% | $4,006,000 | |
| ARISTEIA CAPITAL, L.L.C. | 1.5% | 400,000 | 0.11% | $4,004,000 | |
| Shaolin Capital Management LLC | 1.5% | 397,348 | 0.15% | $3,977,453 | |
| TWO SIGMA INVESTMENTS, LP | 1.5% | 396,439 | 0.01% | $3,968,354 | |
| MILLENNIUM MANAGEMENT LLC | 1.4% | 373,000 | 0% | $3,733,730 | |
| Context Capital Management, LLC | 1.3% | 350,000 | 0.09% | $3,503,500 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 22,171,604 | $222,019,535 | +$217,649,268 | $10.01 | 50 |