$436 Million Investment in BlackRock Bitcoin ETF: The Mystery of Laurore Ltd. and Zhang Hui

Massive Investment and the Search for Identity Laurore Ltd.
has sparked significant curiosity in the cryptocurrency world after disclosing a position of approximately $436 million in BlackRock’s iShares Bitcoin Trust (IBIT).
The name "Zhang Hui," listed as the company's manager in U.S.
Securities and Exchange Commission (SEC) filings, makes identifying the true owner difficult due to the prevalence of the name in China.
The Hong Kong Companies Registry contains more than 100 board members with the same name, further fueling speculation.
Investigations reveal that the Hong Kong address Laurore declared in SEC filings is also used by Avecamour Advice Ltd.
Records and Address Discrepancies While there is no official registration for Laurore in Hong Kong, it was determined that Avecamour Advice belongs to British Virgin Islands-based Avecamour Ltd.
The fact that the sole board member of this company is a Zhang Hui holding a mainland Chinese passport strengthens the possibility that the person behind Laurore is the same individual.
Emphasis on "Personal Conviction" A spokesperson for Laurore stated that the company owner wishes to maintain a low profile and described the massive position in IBIT as a "reflection of personal investment convictions." This situation has reignited discussions about whether Chinese capital is entering the market through spot Bitcoin exchange-traded funds.
Analysts continue to closely monitor such capital movements occurring through Hong Kong.