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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
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
Chicago,
Illinois
|
+$2.04M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$18.3M |
| 2 |
HCI
Harraden Circle Investments
New York
|
-$6.68M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$5.4M |
| 4 |
FLC
Fifth Lane Capital
Austin,
Texas
|
-$2.28M |
| 5 |
MSU
Mizuho Securities USA
New York
|
-$1.57M |
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.