BTC Development Corp. (Ticker: BDCIU US) is a Cayman Islands–incorporated blank check company (SPAC) targeting businesses in the bitcoin ecosystem and companies seeking to integrate bitcoin into capital structures and operations. BTC Development plans to list on the NASDAQ Global Market on Sept. 30, 2025, offering 22.0 million units at $10.00 to raise $220.0 million. The deal includes a 3.3 million-unit over-allotment option, bringing potential gross proceeds to $253.0 million. Cohen & Co Capital Markets (left lead) and Keefe Bruyette & Woods are managers. Security: units. The company reports two employees as of Aug. 19, 2025, and is led by CEO Bracebridge H. Young, Jr. The SPAC was previously named Cohen Circle Acquisition Corp. II and Emerald Acquisition Corp. II before adopting its current name on Dec. 16, 2024.