- CEO
- Bracebridge Hemyng Young Jr.
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2929 Arch Street Philadelphia PA United States of America 19104
- IPO Date
- Oct 16, 2025
- Business
- BTC Development Corp. (NASDAQ: BDCI) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets; it primarily targets opportunities in the bitcoin ecosystem or companies with potential to integrate bitcoin into their capital structures, balance sheets, or operations. Incorporated in 2023 and headquartered at 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania, the company operates in the financial services sector within the shell companies industry and has not yet identified or completed a specific target business. In September 2025, BTC Development Corp. completed an initial public offering of 25.3 million units priced at $10.00 each, raising $253 million in gross proceeds, with $253 million placed in trust; units began trading on Nasdaq under BDCIU, followed by separate trading of Class A ordinary shares (BDCI) and warrants (BDCIW) commencing October 16, 2025. The IPO was led by joint book-running managers Cohen & Company Capital Markets and Keefe, Bruyette & Woods, a Stifel Company, with full exercise of the underwriters' over-allotment option. The management team includes President and CEO Bracebridge H. Young, Jr., Chairman Betsy Z. Cohen, and Vice Chairman Jonathan Kirkwood.