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BTC Development Corp. Launches with $253M IPO, Focused on Bitcoin Ecosystem

BTC Development Corp. has hit the market with a $253 million IPO. Now, it's on the hunt for promising targets in the bitcoin ecosystem.

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In the picture there is a newspaper front page. There are many advertisements and headlines are...
In the picture there is a newspaper front page. There are many advertisements and headlines are mentioned in the newspaper.

BTC Development Corp. Launches with $253M IPO, Focused on Bitcoin Ecosystem

BTC Development Corp., a blank check company, has initiated its public journey. The company, which focuses on opportunities in the crypto ecosystem, raised $253 million in its initial public offering (IPO).

BTC Development Corp. began trading its units on the Nasdaq Global Market on September 30, 2025, under the ticker symbol 'BDCIU'. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, exercisable at $11.50 per share. The company placed the entire $253 million in a trust account for the benefit of its public shareholders.

The IPO was supported by prominent financial institutions, including Goldman Sachs and BlackRock. Cohen & Company Capital Markets and Keefe, Bruyette & Woods, A Stifel Company, served as the joint book-running managers for the offering. The company's primary focus is to identify and merge with companies in industries that complement its management team's background.

BTC Development Corp.'s IPO raised $253 million, with shares and warrants expected to trade separately under the symbols 'BDCI' and 'BDCIW' respectively. The company aims to find suitable targets in the bitcoin ecosystem, guided by its management's industry background.

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