BTC Development Corp.
Business
BTC Development Corp. is a blank check company formed to identify and acquire a business in the bitcoin ecosystem or to help existing companies integrate bitcoin into their operations and capital structures. The company has capital in a trust account to fund an initial business combination. The company intends to focus on businesses with strong management teams, recurring revenue potential, and niche market positions, targeting industries that complement its management team's fintech and bitcoin expertise.
Summary from 10-K filed 2026-03-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Formation, general and administrative costs | 541,272 | 33,592 | |
| Loss from Operations | −541,272 | −33,592 | |
| Interest earned on marketable securities in Trust Account | 2 | — | |
| Net income (loss) | 2 | −33,592 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash | 2 | — | — | |
| Prepaid expenses | 132,933 | — | — | |
| Prepaid insurance | 87,500 | — | — | |
| Total Current Assets | 2 | — | — | |
| Long-term prepaid insurance | 65,625 | — | — | |
| Deferred offering costs | — | 329,930 | — | |
| Marketable securities held in Trust Account | 255 | — | — | |
| Total Assets | 257 | 329,930 | — | |
| Accrued offering costs | 75,000 | 305,507 | — | |
| Accrued expenses | 21,958 | 27,680 | — | |
| Advance from related party | — | 48,387 | — | |
| Total Current Liabilities | 96,958 | 381,574 | — | |
| Deferred underwriting fee payable | 11 | — | — | |
| Total Liabilities | 11 | 381,574 | — | |
| Commitments and Contingencies (see Note 6) | — | — | — | |
| Class A ordinary shares subject to possible redemption, 25,300,000 and no shares at a redemption value of $10.08 and none per share as of December 31, 2025 and 2024, respectively | 255 | — | — | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −9 | −51,644 | — | |
| Total Shareholders Deficit | −9 | −51,644 | −18,052 | |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT | 257 | 329,930 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Payment of formation, general and administrative expenses through advances from related party | 59,534 | 5,912 | |
| Payment of accrued expenses through advances from related party | 27,680 | — | |
| Prepaid expenses | −132,933 | — | |
| Prepaid insurance | −153,125 | — | |
| Accrued expenses | −5,722 | 27,680 | |
| Net cash used in operating activities | −745,838 | — | |
| Investment of cash into Trust Account | −253 | — | |
| Cash withdrawn from Trust Account for working capital purposes | 400,000 | — | |
| Net cash used in investing activities | −253 | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | 249 | — | |
| Proceeds from sale of Private Placement Units | 8 | — | |
| Repayment of advances from related party | −238,977 | — | |
| Proceeds due to Sponsor | 5 | — | |
| Repayment of promissory note | −5 | — | |
| Payment of offering costs | −629,486 | — | |
| Net cash provided by financing activities | 255 | — | |
| Net Change in Cash | 2 | — | |
| Deferred offering costs included in accrued offering costs | 75,000 | 305,507 | |
| Advances from related party paid through the issuance of Class B ordinary shares | — | 6,456 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BTC Development Corp.'s CIK number?
BTC Development Corp.'s SEC CIK number is 0002042292 (2042292). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BTC Development Corp.'s SEC filings?
All of BTC Development Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.