🚨 BREAKING: Hong Kong Firm Laurore Is Now the Largest New Shareholder of BlackRock’s iShares Bitcoin Trust ($IBIT)
A Hong Kong-based investment entity called Laurore Ltd. has disclosed a $436 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) — according to a recent SEC Form 13F filing covering the quarter ended December 31, 2025.
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📊 Key Details
• Stake size: ~8.79 million IBIT shares, valued at $436 million.
• Largest new holder: This makes Laurore the largest newly disclosed shareholder of IBIT for that reporting period.
• Unique profile: The firm reportedly holds only IBIT in its 13F filing, with no other disclosed equities — which is unusual for an institutional equity portfolio.

• Limited public footprint: Laurore is a Hong Kong entity with no public website or media presence, adding interest and speculation around its strategic intent.
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🧠 Why This Matters
✔ Institutional conviction signal: A near-half-billion-dollar allocation into one of the world’s leading spot Bitcoin ETFs suggests serious institutional belief in BTC exposure through regulated vehicles.
✔ Global capital flows: It highlights cross-border institutional participation in U.S. crypto markets — a trend that continues to grow despite volatility in Bitcoin prices.
✔ Regulated access preference: Spot Bitcoin ETFs like IBIT allow large investors to gain exposure to BTC without direct custody of crypto assets, which can simplify compliance and risk management.
✔ Market narrative impact: Large 13F disclosures often influence sentiment as they provide a transparent window into institutional positioning, even though they are backward-looking.
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📊 Broader Context
BlackRock’s iShares Bitcoin Trust has been a leading gateway for institutional BTC flows since its U.S. launch, and this latest filing underscores its continued appeal. Other large holders like Jane Street and major asset managers remain active in the space as well.
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