| Cash Flow | 2026-06-30 | 2026-03-31 | 2025-12-31 |
|---|---|---|---|
| Cash beginning of year | 1,448,349 | 1,985,699 | - |
| Net income (loss) | 1,868,465 | 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 | 2,277,072 | 2,242,309 | 2,412,555 |
| Prepaid expenses | -32,534 | 46,730 | 132,933 |
| Prepaid insurance | -21,875 | -21,875 | 153,125 |
| Accrued expenses | 30,469 | 28,266 | -5,722 |
| Net cash used in operating activities | -323,729 | -537,350 | -745,838 |
| Investment of cash into trust account | - | - | 253,000,000 |
| Cash withdrawn from trust account for working capital purposes | - | - | 400,000 |
| Net cash used in investing activities | - | - | -252,600,000 |
| 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 | - | - | 238,977 |
| Proceeds due to sponsor | - | - | 5,200,000 |
| Repayment of promissory note | - | - | 5,200,000 |
| Payment of offering costs | - | - | 629,486 |
| Net cash provided by financing activities | - | - | 255,331,537 |
| Net change in cash | -323,729 | -537,350 | 1,985,699 |
| Cash end of period | 1,124,620 | 1,448,349 | 1,985,699 |
BTC Development Corp. (BDCIW)
BTC Development Corp. (BDCIW)