The latest 13F filings reveal that Laurore Ltd has become the largest new institutional holder of the iShares Bitcoin Trust (IBIT), with a position valued at approximately $436 million. Notably, Laurore Ltd holds only this single asset. Jane Street ranks as the second-largest IBIT holder for Q4 2025. Laurore Ltd's emergence is intriguing as the entity lacks a public website, disclosed background, or historical investment portfolio. The company is structured as a Ltd entity, adding to the mystery surrounding its significant investment in IBIT.