Mysterious Offshore Entity Buys $436M Stake in Blackrock's Bitcoin ETF

Laurore Ltd., a British Virgin Islands-incorporated entity with a Hong Kong address, has made headlines in recent days with its significant investment in Blackrock's Ishares Bitcoin Trust (IBIT). The firm disclosed an $436 million stake in the fund through a Form 13F-HR filing with the U.S. Securities and Exchange Commission on January 28, 2026.

The investment has sparked intense speculation about Laurore Ltd.'s true ownership and intentions, with some analysts suggesting that it may be a purpose-built Bitcoin access conduit for offshore capital seeking regulated exposure to the cryptocurrency.