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BTC Development Corp.
BDCIWCIK 0002042292NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.87M
Total Assets
$257.28M
Equity
$-8.61M
Shares Out
—
Op. Cash Flow
$-745.8K
Business
BTC Development Corp. is a foreign private issuer in Blank Checks, headquartered in the United States. Shares trade on Nasdaq under the ticker BDCI.
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Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| 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
As of · In millions, except per-share amounts
| 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
Year Ended · In millions, except per-share amounts
| 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
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