BTC Development Co.

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General Information
Business:

(Incorporated in the Cayman Islands)

We are a newly established blank check company backed by Betsy Cohen, a pioneer in SPAC IPOs whose professional roots are in Philadelphia banking. She is the chairman of BTC Development Co. Ms. Cohen is the general partner of Cohen Circle FinTech Ventures, a venture fund, and Radiate Capital Fund, an impact investment fund. 

Bracebridge Young is the CEO of BTC Development Co. Mr. Young is the vice chairman of Bracebridge Capital, a hedge fund. 

From the prospectus: “We intend to target companies in the Bitcoin ecosystem or those companies that could – in our opinion – integrate Bitcoin into their capital structures, balance sheets and/or operations.”

Cohen Circle Acquisition I is the latest Betsy Cohen-led SPAC to complete an initial business combination: It merged with Kyivstar, a Ukrainian telecom company, in early August.

(Note: BTC Development Co. filed an S-1 on Aug. 19, 2025, disclosing the terms for its SPAC IPO: 22 million units at $10.00 each to raise $220 million. Each unit consists of one share of common stock and one-fourth of a warrant.)

 

 

 

 
Industry: BLANK CHECKS
Employees: 0
Founded: 2023
Contact Information
Address 2929 Arch Street, Suite 1703 Philadelphia, PA 19104
Phone Number (267) 703-4396
Web Address
View Prospectus: BTC Development Co.
Financial Information
Market Cap $303.47mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol BDCIU
Exchange NASDAQ
Shares (millions): 22.0
Price range $10.00 - $10.00
Est. $ Volume $220.0 mil
Manager / Joint Managers Cohen & Company Capital Markets/Keefe, Bruyette & Woods (A Stifel Company)
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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