A mysterious offshore entity named Laurore Ltd has disclosed a $436 million investment in BlackRock’s spot Bitcoin ETF (IBIT). According to a regulatory filing, this represents the firm’s sole and highly concentrated holding. The previously unknown company is incorporated in the British Virgin Islands but lists a Hong Kong address, with no public website or disclosed operating history.
A previously unknown financial entity has taken a major position in a leading Bitcoin fund. According to a Form 13F-HR filed with the US Securities and Exchange Commission (SEC), Laurore Ltd reported owning 8,786,279 shares of the BlackRock iShares Bitcoin Trust.
The entity’s corporate profile is thin, with no public website and no disclosure of previous investments. Its only SEC filing shows this single, concentrated holding worth approximately $436 million.
Laurore Ltd is incorporated in the British Virgin Islands but lists a business address in Hong Kong. The filing indicates the entity wields sole investment and voting control over the entire IBIT position.
The origins of the entity and the source of its funds remain unclear. As of 2026, BlackRock‘s ETF counts roughly 384 million shares under management and holdings from about 1,690 financial entities.
