In the latest 13F filing, Hong Kong investment firm Avenir Group disclosed that as of March 31, 2025, its holdings in BlackRock's iShares Bitcoin Trust (IBIT) ETF increased to 14.7 million shares, with a market value of approximately $691 million, a significant rise from 11.3 million shares as of December 31, 2024. This holding accounts for 86.9% of its total assets, making Avenir the largest Bitcoin ETF holder in Asia. Avenir launched a $500 million cryptocurrency collaboration plan in September 2024.