BTC Development Q1 FY26 swings to net income of $1.7 million

BTC Development
BTC Development Corp. Units Cons of 1 Shs A + 1/4 Red Wt

BTC Development

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BTC Development Corp. Units Cons of 1 Shs A + 1/4 Red Wt

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  • BTC Development Corp. swung to net income of USD 1.7 million for quarter ended March 31, 2026, from a net loss of USD 35,626 a year earlier.
  • Interest income from marketable securities in trust totaled USD 2.24 million, offset by formation, general and administrative costs of USD 540,761.
  • Marketable securities held in Trust Account rose to USD 257.25 million at March 31, 2026, while cash held outside trust was USD 1.45 million.
  • Net cash used in operating activities was USD 537,350, reflecting interest earned in trust of USD 2.24 million.


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