BTC Development (BDCI) stock price is $10.18, unchanged on the day, as of Nov 13, 2026. It has a market cap of $353.72Mn and a P/E ratio of 46.89, and is classified in the Alternative Asset Managers industry (Financial Services sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap353.72 Mn
P/E46.89
FCF (Yr)-745,838.00
ROA (Yr)1.45
EV to EBIT-197.97
Net Income (Yr)1.87 Mn
Enterprise Value348.33 Mn
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About
BTC Development Corp. is a blank check company incorporated as a Cayman Islands exempted entity. The company was formed for the sole purpose of effecting a merger share exchange asset acquisition share purchase reorganization or other similar business combination with one or more businesses or assets. Its management team intends to focus the search for a target on companies that operate within the bitcoin ecosystem or that could benefit from integrating bitcoin into their…
BTC Development Corp. is a blank check company incorporated as a Cayman Islands exempted entity. The company was formed for the sole purpose of effecting a merger share exchange asset acquisition share purchase reorganization or other similar business combination with one or more businesses or assets. Its management team intends to focus the search for a target on companies that operate within the bitcoin ecosystem or that could benefit from integrating bitcoin into their capital structures balance sheets or operations. At present the firm has no ongoing operations and has not generated any revenue.
BTC Development Corp. does not currently generate operating revenues. The company expects to receive revenue only after it completes its initial business combination. Until that time the firm’s activities are limited to identifying a suitable target and maintaining the funds raised in its initial public offering in a trust account.
BTC Development Corp. operates in the highly competitive blank check company or SPAC sector. It faces competition from other special purpose acquisition companies private equity firms and individual investors seeking similar acquisition targets. The firm’s competitive strengths include the extensive experience of its management team in financial services and venture capital its established network for sourcing deals and its ability to offer target businesses a public company structure that provides access to capital and alternative routes to liquidity.
As a pre‑combination SPAC BTC Development Corp. does not serve any customers. The company intends to pursue a target that will have its own customer base which may include enterprises and consumers interested in bitcoin related products or services. The firm’s future customer base will be determined by the nature of the business it ultimately acquires.
Sector:Financial ServicesSector rationaleBTC Development Corp. is a Special Purpose Acquisition Company (SPAC), which is a vehicle designed to raise capital through an IPO to acquire another company. Its current activity is limited to managing funds in a trust account and sourcing acquisition targets, which falls under the financial services model of investment and capital structuring.Industry:Alternative Asset ManagersAlternative Asset ManagersPrimaryBTC Development is a SPAC (blank check company) whose core activity is identifying and acquiring a target business, which is functionally equivalent to a private equity or venture capital strategy. The profile explicitly mentions its management's experience in venture capital and its goal of effecting a business combination with companies in the bitcoin ecosystem.Classified using BQ-MICSCIK: 0002042292
Peer percentiles
How BTC Development ranks
Ranked against the 340 companies in Asset and Wealth Management·58 metrics · as of Nov 14, 2026
Valuation
12 metrics · Lower multiples rank higher; a negative multiple ranks last