BTC Development Corp. Completes $253 Million Initial Public Offering
BTC Development Corp (NASDAQ: BDCIU) completed its initial public offering on September 30, 2025, selling 25,300,000 units at $10.00 per unit (including a full 3,300,000‑unit over‑allotment) for $253,000,000 gross proceeds. Each unit contains one Class A ordinary share and one‑fourth of a redeemable warrant; each whole warrant is exercisable for one Class A share at $11.50. Proceeds of $253,000,000 were placed in the company’s trust account for public shareholders. Units began trading on Nasdaq as BDCIU; underlying shares and warrants are expected to trade as BDCI and BDCIW once separated.
BTC Development Corp (NASDAQ: BDCIU) ha completato la sua offerta pubblica iniziale il 30 settembre 2025, vendendo 25,300,000 unità a 10,00 dollari per unità (inclusa una sovrallocazione completa di 3,300,000 unità) per 253,000,000 dollari di proventi lordi. Ogni unità contiene una azione ordinaria di Classe A e un un quarto di un warrant riscattabile; ogni warrant intero è esercitabile per una azione di Classe A a 11,50 dollari. I proventi di 253,000,000 dollari sono stati depositati nel conto fiduciario della società per gli azionisti pubblici. Le unità hanno iniziato a essere negoziate su Nasdaq come BDCIU; le azioni sottostanti e i warrant dovrebbero essere negoziati come BDCI e BDCIW una volta separati.
BTC Development Corp (NASDAQ: BDCIU) completó su oferta pública inicial el 30 de septiembre de 2025, vendiendo 25,300,000 unidades a $10.00 por unidad (incluida una asignación adicional total de 3,300,000 unidades) por $253,000,000 dólares brutos de ingresos. Cada unidad contiene una acción ordinaria de Clase A y un cuarto de warrant canjeable; cada warrant completo puede ejercerse por una acción de Clase A a $11.50. Los ingresos de $253,000,000 fueron depositados en la cuenta de fideicomiso de la empresa para los accionistas públicos. Las unidades comenzaron a cotizar en Nasdaq como BDCIU; las acciones subyacentes y los warrants se esperan que coticen como BDCI y BDCIW una vez separadas.
BTC Development Corp (NASDAQ: BDCIU)은 2025년 9월 30일에 초기 공개를 완료했고, 25,300,000 유닛을 유닛당 10.00달러에 판매했으며(총 3,300,000 유닛의 완전한 초과배정 포함) 총 매출은 253,000,000 달러입니다. 각 유닛에는 한 개의 Class A 보통주와 1/4의 상환가능 워런트가 포함되며, 전체 워런트 하나는 11.50달러에 Class A 주식 한 주를 행사할 수 있습니다. 253,000,000 달러의 수익은 공익주주를 위한 회사의 트러스트 계좌에 예치되었습니다. 유닛은 Nasdaq에서 BDCIU로 거래를 시작했고, 기초 주식과 워런트는 분리되면 각각 BDCI와 BDCIW로 거래될 예정입니다.
BTC Development Corp (NASDAQ: BDCIU) a mené son introduction en bourse le 30 septembre 2025, en vendant 25 300 000 unités à 10,00 $ par unité (y compris une surallocation complète de 3 300 000 unités) pour un produit brut de 253 000 000 $. Chaque unité contient une action ordinaire de Classe A et un quart de warrant pouvant être exercé; chaque warrant entier peut être exercé pour une action de Classe A à 11,50 $. Les produits de 253 000 000 $ ont été déposés dans le compte fiduciaire de la société pour les actionnaires publics. Les unités ont commencé à être négociées sur Nasdaq sous le symbole BDCIU; les actions sous-jacentes et les warrants devraient être négociés comme BDCI et BDCIW une fois séparés.
BTC Development Corp (NASDAQ: BDCIU) hat seine Börseneinführung am 30. September 2025 abgeschlossen und 25.300.000 Einheiten zu 10,00 USD pro Einheit verkauft (einschließlich einer vollen Überallocationszuteilung von 3.300.000 Einheiten) mit Bruttoerlösen von 253.000.000 USD. Jede Einheit enthält eine Class-A-Ordinary-Share und ein Viertel eines einlösbaren Warrants; jeder ganze Warrants berechtigt zum Erwerb einer Class-A-Aktie für 11,50 USD. Die Erlöse in Höhe von 253.000.000 USD wurden auf das Treuhandkonto des Unternehmens für öffentliche Aktionäre eingezahlt. Die Einheiten begannen an der Nasdaq unter dem Symbol BDCIU gehandelt zu werden; die zugrunde liegenden Aktien und Warrants sollen nach der Trennung als BDCI und BDCIW gehandelt werden.
BTC Development Corp (NASDAQ: BDCIU) أكملت طرحها العام الأولي في 30 سبتمبر 2025، ببيع 25,300,000 وحدة بسعر 10.00 دولار للوحدة (بما في ذلك تخصيص زائد كامل قدره 3,300,000 وحدة) لإيرادات إجمالية قدرها 253,000,000 دولار. تحتوي كل وحدة على سهم عادي من الفئة A وربع من معيار قابل للصرف؛ يمكن ممارسة كل معيار كامل للحصول على سهم من الفئة A بسعر 11.50 دولار. تم وضع عوائد 253,000,000 دولار في حساب الثقة الخاص بالشركة للمساهمين العامين. بدأت الوحدات بالتداول في ناسداك تحت الرمز BDCIU؛ من المتوقع أن تتداول الأسهم الأساسية والمزايا القابلة للصرف كـ BDCI وBDCIW عند ف暫صلها.
BTC Development Corp（NASDAQ: BDCIU） 于2025年9月30日完成首次公开募股，以每单位10.00美元的价格出售25,300,000单位（含完整的3,300,000单位超额配售），毛募资额为253,000,000美元。每单位包含一股A类普通股和四分之一份可赎回权证；每张完整的权证可以11.50美元行使，换取一股A类普通股。253,000,000美元的募集资金已存入公司公共股东的信托账户。单位在纳斯达克以BDCIU交易；分离后，基础股票和权证预计分别以BDCI和BDCIW交易。
- Gross proceeds of $253,000,000 raised
- Allotment option exercised: 3,300,000 units
- Units began trading on Nasdaq on Sept 30, 2025
- Redeemable warrants could create share dilution upon exercise at $11.50
Insights
BTC Development Corp. completed a
What it means: The company successfully sold 25,300,000 units at $10.00 per unit, including the full 3,300,000 over-allotment, generating gross proceeds of
Why it matters: Those proceeds were placed in a trust account for public shareholders, confirming the company now has capital reserved to pursue a business combination consistent with its blank-check structure and stated focus on the bitcoin ecosystem.
The units began trading on Nasdaq on September 30, 2025 under BDCIU; once separated, the shares and warrants are expected to list under BDCI and BDCIW, respectively, which is the key monitorable event mentioned.
PHILADELPHIA, PA, Oct. 03, 2025 (GLOBE NEWSWIRE) -- BTC Development Corp. (NASDAQ: BDCIU) (the “Company”) today announced the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at
The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on September 30, 2025 under the ticker symbol “BDCIU.” Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of
Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of units,
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies in industries that complement its management team’s background, and to capitalize on the ability of its management team to identify and acquire a business, focusing on companies that provide opportunities for attractive risk-adjusted returns in the bitcoin ecosystem and/or that the Company believes have the potential to integrate bitcoin into their capital structures, balance sheets and/or operations. The management team is led by Bracebridge H. Young, Jr., its President and Chief Executive Officer, Betsy Z. Cohen, its Chairman of the Board of Directors, and Jonathan Kirkwood, its Vice-Chairman of the Board of Directors.
Cohen & Company Capital Markets, a division of Cohen & Company’s broker-dealer subsidiary, Cohen & Company Securities, LLC, and Keefe, Bruyette & Woods, A Stifel Company, served as the joint book-running managers for the offering.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on September 29, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
BTC Development Corp.
FAQ
What did BTC Development Corp announce in its October 3, 2025 press release about BDCIU?
When did BDCIU begin trading on Nasdaq and under what ticker?
What does each BDCIU unit include and what are the warrant terms?
How much of the IPO proceeds were placed in the company trust account?
How many units were issued including the underwriter over‑allotment for BDCIU?
What future tickers are expected for the separated securities from BDCIU units?
