Meteora Capital, LLC Reports 7.52% Stake in BTC Development Corp. (BDCI)

Meteora Capital, LLC, along with its Managing Member Vik Mittal, filed a Schedule 13G/A on May 15, 2026, disclosing a significant stake in BTC Development Corp. (BDCI). The filing indicates that as of March 31, 2026, the reporting persons beneficially own 1,959,275 shares of Class A Common Stock, representing 7.52% of the company's outstanding shares. This reflects an increase from a previously reported 0% position, marking a new substantial holding for the investment manager. The shares are held by various funds and managed accounts for which Meteora Capital serves as the investment manager. According to the filing, the reporting persons share voting and dispositive power over the entire 1,959,275 shares. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Meteora Capital is based in Boca Raton, Florida, while BTC Development Corp. maintains its executive offices in Philadelphia, Pennsylvania.