Hong Kong firm emerges as largest new IBIT shareholder with $436M holding

A Hong Kong-based company has disclosed it held 8.79 million shares of BlackRock's IBIT, worth approximately $436 million, as of Dec. 31 of last year. This makes the firm the largest new shareholder in the spot Bitcoin ETF, although information regarding the company and the source of its funds has not been made public. According to CoinDesk, the holding was revealed in a 13F filing with the U.S. Securities and Exchange Commission (SEC). The company, identified as Laurore, only disclosed its position at the end of the quarter, without specifying the timing of its purchases or sales. Jeff Park, Chief Investment Officer (CIO) of ProCap Financial, noted that the firm appears to hold no other assets besides its IBIT shares.