| 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 Corp. 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 Corp. 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 Corp. priced its SPAC IPO in sync with the terms in the prospectus – 22 million units at $10.00 each – to raise $220 million on Monday night, Sept. 29, 2025. Each unit consists of one share of common stock and one-fourth of a warrant. Background: BTC Development Corp. filed an S-1 on Aug. 19, 2025, and disclosed 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.)
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| 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 Corp. |
| 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 |
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| Expected To Trade: |
9/30/2025 |
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Status:
|
Priced |
| Quiet Period Expiration Date: |
Available only to Subscribers |
| Lock-Up Period Expiration Date: |
Available only to Subscribers |
| SCOOP Rating |
Available only to Subscribers |
| Rating Change |
Available only to Subscribers |