The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income (loss) | 1,701,548 | 1,871,283 | - |
| Payment of formation, general and administrative expenses through advances from related party | - | 59,534 | - |
| Payment of accrued expenses through advances from related party | - | 27,680 | - |
| Interest earned on marketable securities held in trust account | 2,242,309 | 2,412,555 | - |
| Prepaid expenses | 46,730 | 132,933 | - |
| Prepaid insurance | -21,875 | 153,125 | - |
| Accrued expenses | 28,266 | -5,722 | - |
| Net cash used in operating activities | -537,350 | -745,838 | - |
| Investment of cash into trust account | - | 251,000,000 | 2,000,000 |
| Cash withdrawn from trust account for working capital purposes | - | 400,000 | - |
| Net cash used in investing activities | - | -250,600,000 | -2,000,000 |
| Proceeds from sale of units, net of underwriting discounts paid | - | 248,600,000 | - |
| Proceeds from sale of private placement units | - | 7,600,000 | - |
| Repayment of advances from related party | - | 0 | 238,977 |
| Proceeds due to sponsor | - | 0 | 5,200,000 |
| Repayment of promissory note | - | 5,200,000 | - |
| Payment of offering costs | - | 554,486 | 75,000 |
| Net cash provided by financing activities | - | 250,445,514 | 4,886,023 |
| Net change in cash | -537,350 | -900,324 | 2,886,023 |
| Cash beginning of year | 1,985,699 | - | 0 |
| Cash end of period | 1,448,349 | 1,985,699 | 2,886,023 |
BTC Development Corp. (BDCIU)
BTC Development Corp. (BDCIU)