| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| GLAZER CAPITAL, LLC | 6.9% | 1,525,554 | Glazer Capital, LLC | 30 Sep 2025 |
As of 30 Sep 2025, 65 institutional investors reported holding 23,980,712 shares of BTC Development Corp. - Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant (BDCIU). This represents 109% of the company’s total 22,013,766 outstanding shares.
The largest institutional shareholders of BTC Development Corp. - Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant (BDCIU) together control 87% 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 | 10% | 2,200,000 | 2.4% | $22,220,000 | |
| GLAZER CAPITAL, LLC | 6.9% | 1,525,554 | 0.52% | $15,408,000 | |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 5.1% | 1,125,000 | 0.15% | $11,362,500 | |
| AQR Arbitrage LLC | 5.1% | 1,125,000 | 0.29% | $11,250,000 | |
| LMR Partners LLP | 5.1% | 1,125,000 | 0.15% | $11,362,500 | |
| Linden Advisors LP | 5.1% | 1,125,000 | 0.08% | $11,362,500 | |
| Verition Fund Management LLC | 4.5% | 1,000,000 | 0.06% | $10,100,000 | |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 4.5% | 1,000,000 | 0.02% | $10,100,000 | |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 3.4% | 750,000 | 0.01% | $7,575,000 | |
| Magnetar Financial LLC | 3.4% | 750,000 | 0.05% | $7,575,000 | |
| First Trust Capital Management L.P. | 3.4% | 750,000 | 0.49% | $7,575,000 | |
| Harraden Circle Investments, LLC | 3.3% | 725,000 | 1.4% | $7,322,500 | |
| CSS LLC/IL | 3.2% | 707,880 | 0.43% | $7,149,588 | |
| STEADFAST CAPITAL MANAGEMENT LP | 2.4% | 525,000 | 0.1% | $5,302,500 | |
| Saba Capital Management, L.P. | 2.4% | 525,000 | 0.18% | $5,302,500 | |
| Polar Asset Management Partners Inc. | 2.4% | 525,000 | 0.11% | $5,302,500 | |
| Periscope Capital Inc. | 2.3% | 508,500 | 1.2% | $5,135,850 | |
| Decagon Asset Management LLP | 2.3% | 500,000 | 2.7% | $5,050,000 | |
| Shaolin Capital Management LLC | 2% | 449,480 | 0.22% | $4,539,748 | |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | 1.8% | 400,000 | 0.2% | $4,040,000 | |
| ARISTEIA CAPITAL, L.L.C. | 1.8% | 400,000 | 0.12% | $4,040,000 | |
| MOORE CAPITAL MANAGEMENT, LP | 1.8% | 400,000 | 0.08% | $4,040,000 | |
| Hudson Bay Capital Management LP | 1.8% | 400,000 | 0.02% | $4,040,000 | |
| MILLENNIUM MANAGEMENT LLC | 1.6% | 358,500 | 0% | $3,620,850 | |
| Clear Street Group Inc. | 1.6% | 350,000 | 0% | 0.02% | $3,535,000 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q3 | 23,980,712 | $242,093,609 | +$238,558,609 | $10.10 | 65 |