A mystery Hong Kong-linked investor has acquired a substantial $436 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund, which has sparked speculation regarding the true identity and intentions of the investor represented by the shell company Laurore Ltd. This filing has generated significant intrigue, particularly because it lists “Zhang Hui,” a common name in China, as a director, adding to the mystery amid theories of potential Chinese capital flight into U.S. bitcoin ETFs to bypass mainland capital controls. Furthermore, the Hong Kong address provided in the filing corresponds to a different company, Avecamour Advice Ltd., which is wholly owned by a British Virgin Islands entity, suggesting a complex web of corporate relationships that complicates understanding Laurore’s true ownership.
Laurore Ltd. accumulates $436M stake in BlackRock’s bitcoin ETF
