StoneX Group Inc. Buys 150,009 Shares of BTC Development Corp. $BDCI

StoneX Group Inc. bought a new stake in shares of BTC Development Corp. (NASDAQ:BDCI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 150,009 shares of the company’s stock, valued at approximately $1,519,000. StoneX Group Inc. owned 0.49% of BTC Development at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Sona Asset Management US LLC purchased a new position in BTC Development in the 1st quarter worth about $2,622,000. Rivernorth Capital Management LLC bought a new stake in BTC Development during the 1st quarter valued at about $1,996,000. Finally, Bulldog Investors LLP bought a new stake in BTC Development during the 1st quarter valued at about $670,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of BTC Development from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

BTC Development Stock Performance

BDCI opened at $10.18 on Tuesday. The stock’s fifty day moving average is $10.16 and its two-hundred day moving average is $10.08. BTC Development Corp. has a 52 week low of $9.96 and a 52 week high of $10.20.

BTC Development (NASDAQ:BDCI) last issued its earnings results on Monday, August 10th. The company reported $0.05 earnings per share for the quarter.

About BTC Development

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.