BTC Development plans to raise $220 million and seeks merger deals with Bitcoin ecosystem companies.

ChainCatcher reported that BTC Development Corp has announced the pricing of its initial public offering (IPO) at $10 per share, issuing 22,000,000 shares, and is expected to raise $220 millions. The company is expected to begin trading under the stock code “BDCIU”.

It is reported that the company will seek to engage in share exchanges, asset acquisitions, share purchases, restructurings, or similar business combinations with companies that offer attractive risk-adjusted return opportunities within the bitcoin ecosystem.