---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-097023"
form_type: "8-K"
ticker: "BDCI"
cik: "0002042292"
company_name: "BTC Development Corp."
filed_at: "2025-10-07T23:59:59+00:00"
generated_at: "2026-05-17T04:31:01.674695+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BTC Development Corp. closes $253M SPAC IPO, placing full proceeds in trust

## Summary
- Sold 25,300,000 units at $10.00 each including full over-allotment; gross proceeds $253 million.
- Simultaneous private placement of 760,000 units at $10.00 per unit raised $7.6 million from sponsors and underwriters.
- $253 million placed in trust account with Continental Stock Transfer & Trust; $2.67 million cash outside trust for working capital.
- Company has 24 months (or 27 if definitive agreement signed) to complete a business combination.
- Shareholders' deficit of $8.56 million; 25.3M public shares subject to possible redemption at $10.00 per share.

## SEC filing metadata
- accession: 0001213900-25-097023
- form_type: 8-K
- ticker: BDCI
- cik: 0002042292
- company_name: BTC Development Corp.
- filed_at: 2025-10-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2042292/000121390025097023/0001213900-25-097023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2042292/000121390025097023/ea0260340-8k_btcdevelop.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-097023
- JSON: https://secwatch.observer/filing/0001213900-25-097023.json
- Plain text: https://secwatch.observer/filing/0001213900-25-097023.txt

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