Laurore Ltd Becomes Major Holder in BlackRock's Bitcoin ETF with $436 Million Investment

A little-known offshore entity, Laurore Ltd, has acquired $436 million worth of shares in BlackRock's Bitcoin ETF (IBIT), positioning itself as one of the largest holders of the fund. According to NS3.AI, Laurore Ltd is incorporated in the British Virgin Islands but operates with a business address in Hong Kong. The entity has no prior public investment history or further disclosures, which raises questions about the origin and nature of the funds behind this substantial purchase.