Avenir Group Doubles Down on Bitcoin ETF Holdings

Avenir Group, a prominent player in the crypto and fintech space, has significantly increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT). The group now holds 18,297,107 shares, valued at $1.189 billion – solidifying its position as Asia’s largest institutional holder for five consecutive quarters. This strategic move reinforces Avenir’s long-term investment strategy in the burgeoning Bitcoin market.