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BDCI

BTC Development Corp
BDCI

52 hedge funds and large institutions have $223M invested in BTC Development Corp in 2025 Q4 according to their latest regulatory filings, with 52 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

85.6% more ownership

Funds ownership: 0% → 85.6% (+86%)

Holders
52
Holders Change
+52
Holders Change %
–
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
52
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$18.5M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$13.5M
3
GCL
Glazer Capital LLC
New York
+$11.9M
4
LA
Linden Advisors
New York
+$11.4M
5
TCM
Tenor Capital Management
New York
+$11.4M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
1
Meteora Capital
Florida
$18.3M +$18.5M +1,831,855 New
Toronto Dominion Bank
2
Toronto Dominion Bank
Ontario, Canada
$13.3M +$13.5M +1,332,581 New
GCL
3
Glazer Capital LLC
New York
$11.8M +$11.9M +1,174,323 New
LA
4
Linden Advisors
New York
$11.3M +$11.4M +1,125,000 New
TCM
5
Tenor Capital Management
New York
$11.3M +$11.4M +1,125,000 New
LP
6
LMR Partners
United Kingdom
$10.3M +$10.4M +1,025,000 New
Adage Capital Partners
7
Adage Capital Partners
Massachusetts
$10M +$10.1M +1,000,000 New
AA
8
AQR Arbitrage
Connecticut
$8.9M +$8.97M +888,512 New
Verition Fund Management
9
Verition Fund Management
Connecticut
$8.2M +$8.27M +819,179 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
10
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$7.51M +$7.57M +750,000 New
MF
11
Magnetar Financial
Illinois
$7.51M +$7.57M +750,000 New
FTCM
12
First Trust Capital Management
Illinois
$7.51M +$7.57M +750,000 New
PAMP
13
Polar Asset Management Partners
Ontario, Canada
$7.14M +$7.2M +713,394 New
HCI
14
Harraden Circle Investments
New York
$6.68M +$6.73M +666,903 New
RCM
15
Radcliffe Capital Management
Pennsylvania
$5.82M +$5.87M +581,316 New
AIMCA
16
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$5.26M +$5.3M +525,000 New
SCM
17
Saba Capital Management
New York
$5.26M +$5.3M +525,000 New
PC
18
Periscope Capital
Ontario, Canada
$4.94M +$4.99M +493,802 New
Hudson Bay Capital Management
19
Hudson Bay Capital Management
Connecticut
$4.01M +$4.04M +400,000 New
AC
20
Aristeia Capital
Connecticut
$4M +$4.04M +400,000 New
MCM
21
Moore Capital Management
New York
$4M +$4.04M +400,000 New
SCM
22
Shaolin Capital Management
Florida
$3.98M +$4.01M +397,348 New
Two Sigma Investments
23
Two Sigma Investments
New York
$3.97M +$4M +396,439 New
Millennium Management
24
Millennium Management
New York
$3.73M +$3.77M +373,000 New
CCM
25
Context Capital Management
California
$3.5M +$3.53M +350,000 New
1
2 3

BDCI Hedge Fund Activity: Q4 2025 in Review

52 of the 8,256 institutional investors tracked by Wall St. Rank reported a position in BTC Development Corp (BDCI) for Q4 2025, worth a combined $223M.

Buyers outnumbered sellers: 52 funds opened new BDCI positions and 0 closed out — a net gain of 52 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Meteora Capital, opening a new position worth an estimated $18.5M.

  • 52 institutional investors held BTC Development Corp (BDCI) as of Q4 2025, up from 0 in Q3 2025.
  • Funds reported $223M of BTC Development Corp stock for Q4 2025.
  • 52 funds opened new BTC Development Corp positions in Q4 2025 and 0 closed out, a net change of +52 holders.
  • The largest BTC Development Corp buyer in Q4 2025 was Meteora Capital, an estimated $18.5M added.

Based on aggregated 13F filings for Q4 2025.