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BDCI

BTC Development Corp
BDCI

50 hedge funds and large institutions have $198M invested in BTC Development Corp in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% less funds holding

Funds holding: 52 → 50 (-2)

9.44% less ownership

Funds ownership: 85.6% → 76.16% (-9.4%)

11% less capital invested

Capital invested by funds: $223M → $198M (-$24.6M)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
50
Holders Change
-2
Holders Change %
-3.85%
% of All Funds
0.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
7
Increased
9
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$3.24M
2
CC
Centiva Capital
New York
+$2.64M
3
SAMU
SONA Asset Management (US)
New York
+$2.63M
4
CL
CSS LLC
Illinois
+$2.04M
5
RCM
Rivernorth Capital Management
Florida
+$2M

Top Sellers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
-$18.3M
2
HCI
Harraden Circle Investments
New York
-$6.68M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$5.4M
4
FLC
Fifth Lane Capital
Texas
-$2.28M
5
MSU
Mizuho Securities USA
New York
-$1.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
26
Highbridge Capital Management
New York
$3M – – –
BNP Paribas Financial Markets
27
BNP Paribas Financial Markets
France
$2.69M +$330K +32,848 +14%
SAMU
28
SONA Asset Management (US)
New York
$2.62M +$2.63M +262,494 New
WRBC
29
W.R. Berkley Corp
Connecticut
$2.6M – – –
CL
30
CSS LLC
Illinois
$2.03M +$2.04M +203,159 New
GL
31
Governors Lane
New York
$2M – – –
LPC
32
Lineage Point Capital
Florida
$2M – – –
MTCM
33
Mint Tower Capital Management
Netherlands
$2M – – –
RCM
34
Rivernorth Capital Management
Florida
$2M +$2M +199,756 New
PAMP
35
Polar Asset Management Partners
Ontario, Canada
$1.75M -$5.4M -538,394 -75%
MSU
36
Mizuho Securities USA
New York
$1.49M -$1.57M -156,042 -51%
CS
37
Clear Street
New York
$1.46M -$1.14M -113,971 -44%
DAM
38
DLD Asset Management
New York
$1.08M – – –
WA
39
Whitebox Advisors
Minnesota
$999K – – –
OCAI
40
O'Connor Alternative Investments
New York
$999K +$1M +100,000 New
SSA
41
Schonfeld Strategic Advisors
New York
$921K +$925K +92,201 New
VF
42
Virtu Financial
New York
$843K -$2.29K -228 -0.3%
BI
43
Bulldog Investors
New Jersey
$670K +$673K +67,060 New
Marshall Wace
44
Marshall Wace
United Kingdom
$599K -$402K -40,038 -40%
BFM
45
Boothbay Fund Management
New York
$350K – – –
Susquehanna International Group
46
Susquehanna International Group
Pennsylvania
$278K +$983 +98 +0.4%
AA
47
ABC Arbitrage
France
$200K – – –
PMAM
48
Picton Mahoney Asset Management
Ontario, Canada
$200K – – –
KC
49
Kepos Capital
New York
$29K +$29.1K +2,900 New
Morgan Stanley
50
Morgan Stanley
New York
$669 -$20 -2 -3%
1
2
3

BDCI Hedge Fund Activity: Q1 2026 in Review

50 of the 8,169 institutional investors tracked by Wall St. Rank reported a position in BTC Development Corp (BDCI) for Q1 2026, worth a combined $198M — down 11% from $223M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BDCI and 7 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 9 added.

The largest buyer was Wolverine Asset Management, adding an estimated $3.24M. The largest seller was Meteora Capital, exiting entirely with an estimated $18.3M sold.

  • 50 institutional investors held BTC Development Corp (BDCI) as of Q1 2026, down from 52 in Q4 2025.
  • Funds reported $198M of BTC Development Corp stock for Q1 2026, down 11% quarter-over-quarter.
  • 7 funds opened new BTC Development Corp positions in Q1 2026 and 8 closed out, a net change of -1 holder.
  • The largest BTC Development Corp buyer in Q1 2026 was Wolverine Asset Management, an estimated $3.24M added.
  • The largest BTC Development Corp seller in Q1 2026 was Meteora Capital, an estimated $18.3M sold.

Based on aggregated 13F filings for Q1 2026.