Meteora reports 7.52% stake in BTC Development

Rhea-AI Filing Summary

Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of BTC Development Corp. Class A common stock on an amended Schedule 13G. They disclose beneficial ownership of 1,959,175 shares of Class A common stock, representing 7.52% of the class as of June 30, 2026. All reported shares are held by certain funds and managed accounts for which Meteora Capital serves as investment manager, and the reporting persons state this should not be construed as an admission of beneficial ownership for Section 13 purposes. The reporting persons have shared voting and dispositive power over all 1,959,175 shares and no sole voting or dispositive power.

Key Figures

Shares beneficially owned: 1,959,175 shares Percent of class: 7.52% Shared voting power: 1,959,175 shares +2 more

5 metrics

Shares beneficially owned 1,959,175 shares Class A common stock beneficially owned by Meteora Capital and Vik Mittal

Percent of class 7.52% Percentage of BTC Development Corp Class A common stock outstanding

Shared voting power 1,959,175 shares Shares over which the reporting persons have shared voting power

Shared dispositive power 1,959,175 shares Shares over which the reporting persons have shared dispositive power

Reporting date 06/30/2026 Date as of which the ownership of BTC Development Corp is reported

Key Terms

beneficial owner, shared voting power, shared dispositive power, Schedule 13

4 terms

beneficial owner regulatory

"not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 1,959,175.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 1,959,175.00"

Schedule 13 regulatory

"for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BTC Development Corp (BDCI) shares does Meteora Capital report owning?

Meteora Capital and Vik Mittal report beneficial ownership of 1,959,175 BTC Development Corp Class A common shares. These shares are held by funds and accounts for which Meteora Capital acts as investment manager.

What percentage of BTC Development Corp (BDCI) does Meteora Capital’s stake represent?

The reported position represents 7.52% of the outstanding Class A common stock of BTC Development Corp. This percentage reflects the beneficial ownership attributed to the reporting persons in the Schedule 13G/A amendment.

Does Meteora Capital have sole or shared voting power over BDCI shares?

Meteora Capital and Vik Mittal report 0 shares with sole voting power and 1,959,175 shares with shared voting power. They likewise report shared dispositive power over all 1,959,175 shares and no sole dispositive power.

Who are the reporting persons in the BTC Development Corp (BDCI) Schedule 13G/A?

The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member. The filing relates to shares held by certain funds and managed accounts advised by Meteora Capital.

What disclaimer do Meteora Capital and Vik Mittal make about their BDCI ownership?

They state that filing the statement should not be construed as an admission that any reporting person is, for Section 13 purposes, the beneficial owner of the BTC Development Corp common stock reported.

As of what date is Meteora Capital’s BDCI ownership reported?

The reported ownership of BTC Development Corp Class A common stock is stated as of June 30, 2026. The amendment to the Schedule 13G was signed on August 14, 2026 by Vik Mittal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 01:36 PM Accepted by SEC EDGAR 08/14/2026 - 01:36 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

BTC Development Corp.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

G0701G109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G0701G109

1

Names of Reporting Persons

Meteora Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,959,175.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,959,175.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,959,175.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.52 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BTC Development Corp.
(b)	Address of issuer's principal executive offices: 2929 Arch Street, Suite 1703, Philadelphia, PA, 19104
Item 2.
(a)	Name of person filing: (i) Meteora Capital, LLC, a Delaware limited liability company ("Meteora Capital") with respect to the Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora Capital serves as investment manager (collectively, the "Meteora Funds"); and (ii) Vik Mittal, who serves as the Managing Member of Meteora Capital, with respect to the Common Stock held by the Meteora Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 1200 N Federal Hwy, #200, Boca Raton FL 33432
(c)	Citizenship: Meteora Capital is a Delaware limited liability company. Vik Mittal is a United States citizen.
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: G0701G109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1959175
(b)	Percent of class: 7.52 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1959175
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1959175
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Meteora Capital, LLC

Signature:	Vik Mittal
Name/Title:	Mr
Date:	08/14/2026