State Ledger
Company profile

BTC Development Corp. CIK 2042292

Tickers
BDCI (Nasdaq) · BDCIU (Nasdaq) · BDCIW (Nasdaq)
Industry
Blank Checks
Headquarters
Philadelphia, PA 19104
Fiscal year end
2025 (FY)
Market Data
Close
$10.14
Change
+$0.00
Change %
0.00%
Volume
0

BDCI · trading date Oct 9, 2026 · previous close $10.14 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
$1.87M
Total assets
$257.28M
Total liabilities
$10.88M
Stockholders' equity
-$8.61M
Cash & equivalents
$1.99M
Operating income
-$541.3K
Operating cash flow
-$745.8K
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-03-24. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
4.2%
Equity / assets
-3.3%
CapEx / revenue
—
Operating cash flow / net income
-0.40×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — $1.87M $257.28M $10.88M -$8.61M
2024 — -$33.6K $329.9K $381.6K -$51.6K
Company Details
SIC code
6770
State of incorporation
E9
Active filer
Yes
Most recent SEC filing
Form SCHEDULE 13G/A
2026-08-14
Financials filed via
Form 10-K
filed 2026-03-24

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Philadelphia, PA 19104
2929 ARCH STREET, SUITE 1703
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:53 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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