Hong Kong’s Avenir Group Expands Its Holdings in BlackRock Bitcoin ETF to $6.91 Billion

According to a recent 13F filing by the Avenir Group, a family office based in Hong Kong, the Lee family has significantly increased its stake in the BlackRock Bitcoin ETF. As of May 15th, their holdings now encompass approximately 14.7 million shares, valued at an impressive $6.91 billion. This marks a considerable rise from their previous position of 11.3 million shares as reported on December 31, 2024. Such strategic investment decisions highlight the growing confidence in Bitcoin and the overall cryptocurrency market. Investors are closely monitoring these developments, as they underscore the evolving relationship between traditional finance and digital assets. This proactive stance from a notable family office further illustrates the shift towards institutional acceptance of crypto assets.