PANews reported on November 15th that, according to SEC 13F filings, Avenir Group, the family office of Li Lin, held 18.297 million shares of BlackRock iShares Bitcoin Trust (IBIT) in the third quarter of 2025, with a market value of $1.189 billion, representing an increase of approximately 18% from the previous quarter. This marks the fifth consecutive quarter that Avenir has maintained its position as the largest institutional holder in Asia. Over the past 15 months, the group has continuously increased its holdings during multiple market corrections and simultaneously expanded its investment in crypto-financial infrastructure, including participating in a HK$2.355 billion funding round for OSL Group, investing in Tiger Brokers, and leading a round of investment in Metalpha PIPE. Furthermore, Avenir is advancing its expansion within the Bitcoin, Ethereum, and Solana ecosystems, launching a $500 million partnership fund and participating in a $400 million funding round for Sharps Technology.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more