A mysterious offshore-based financial entity has taken a $436 million position in BlackRock’s Bitcoin ETF. According to a Form 13F-HR filed with the US Securities and Exchange Commission (SEC), a little-known company called Laurore Ltd has disclosed ownership of 8,786,279 shares of IBIT.
What makes Laurore Ltd’s filing mysterious is that it’s the first and only reported holding from the entity. The $436 million BlackRock Bitcoin ETF holding makes it a deliberate and highly concentrated holding. Other details for Laurore Ltd show that the entity is incorporated in the British Virgin Islands (BVI) but lists a Hong Kong business address in Central district office towers.
In addition, their corporate profile is thin, with no public website and no disclosure of previous investments. There is no operating history accompanying the BlackRock Bitcoin ETF either. Its Central Index Key 0002082507 shows only one 13F entry with no other details. The development sheds doubt on the origins of the entity and where the funds are coming from.
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Here’s What Else We Know About the Obscure BlackRock Bitcoin ETF Holder
The offshore BlackRock Bitcoin ETF holder wields sole investment control and sole voting authority over the entire IBIT position. There are no shared managers or other authorities who take part in the holdings. There is no diversified financial basket either, with only one heavily concentrated IBIT position.
It is not known if Laurore Ltd is an individual or a group of people operating together. The backdrop of the entity remains sketchy, with little to no public disclosure of its financial happenings. As of 2026, around 1,690 financial entities have taken an entry position in BlackRock’s Bitcoin ETF. IBIT counts roughly 384 million shares under the fund’s assets under management (AUM). While all of the other global financial entities are known and have a public record, Laurore Ltd investment remains a mystery.