---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-096131"
form_type: "8-K"
ticker: "BDCI"
cik: "0002042292"
company_name: "BTC Development Corp."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:51:53.758683+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BTC Development Corp. closes $253M IPO with full over-allotment, appoints board

## Summary
- Gross proceeds of $253M from IPO (25.3M units at $10) and $7.6M from private placement placed in trust.
- Units consist of 1 Class A ordinary share and 1/4 warrant exercisable at $11.50; listed on Nasdaq as BDCIU.
- Board appointed: Betsy Cohen (Chair), Bracebridge Young (CEO), Jonathan Kirkwood (Vice-Chair), plus 3 others.
- SPAC will target bitcoin ecosystem and companies integrating bitcoin into their capital structures.

## SEC filing metadata
- accession: 0001213900-25-096131
- form_type: 8-K
- ticker: BDCI
- cik: 0002042292
- company_name: BTC Development Corp.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/ea0259285-8k_btc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-096131
- JSON: https://secwatch.observer/filing/0001213900-25-096131.json
- Plain text: https://secwatch.observer/filing/0001213900-25-096131.txt

## Key facts
- Equity Issuances
  BTC Development Corp. issued 3,300,000 units (over-allotment) of common stock to underwriters for $33,000,000.
  - Security: common stock
  - Shares: 3,300,000 units (over-allotment)
  - Purchaser: underwriters
  - Consideration: $33,000,000
  source text: the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm
- Equity Issuances
  BTC Development Corp. issued 760,000 Units of unit to CCM, KBW and BTC Development Sponsor LLC for $7,600,000.
  - Security: unit
  - Shares: 760,000 Units
  - Purchaser: CCM, KBW and BTC Development Sponsor LLC
  - Consideration: $7,600,000
  source text: Simultaneously with the consummation of the IPO, the Company consummated the issuance and sale (“ Private Placement ”) of 760,000 Units (the “ Placement Units ”) in a private placement transaction at a price of $10.00 per Placement Unit, generating gross proceeds of $7,600,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm
- Governance Changes
  BTC Development Corp.: Filed amended and restated memorandum and articles of association in connection with IPO (effective 2025-09-29).
  - Change: charter amendment
  - Effective: 2025-09-29
  source text: On September 29, 2025, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the “ Amended and Restated Memorandum ”) with the Cayman Islands General Registry.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.