Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge

CoinDesk

by Francisco Rodrigues

February 23, 2026

AI-Generated Deep Dive Summary

Mexican billionaire Ricardo Salinas has reaffirmed his bullish stance on Bitcoin despite recent price volatility. Known for his significant investment in the cryptocurrency, Salinas revealed during an interview that he now holds 70% of his liquid assets in Bitcoin, up from just 10% in 2020. This bold move underscores his confidence in Bitcoin as a long-term investment, even amid market fluctuations. In recent developments, Laurore Ltd., a lesser-known entity, has emerged as a major holder of BlackRock’s iShares Bitcoin Trust (IBIT), with disclosed holdings valued at approximately $436 million. While the identity of the investor remains unclear, Hong Kong registry filings link the position to Zhang Hui, a Mainland China passport holder and sole director of Avecamour Advice Limited, a Hong Kong-based company. Despite efforts to trace ownership, the ultimate beneficial owner has chosen to remain anonymous, stating that the investment reflects personal conviction. The significance of such high-profile investments lies in their potential to influence market sentiment and attract more institutional investors to Bitcoin. Salinas’s growing allocation signals a shift toward greater mainstream acceptance of cryptocurrencies as a legitimate asset class. Similarly, the undisclosed investor’s substantial position in IBIT highlights the increasing appetite for exposure to Bitcoin through regulated ETFs. For crypto enthusiasts and financial observers, these developments underscore the evolving landscape of institutional investment in digital assets.

Verticals

cryptofinance

Originally published on CoinDesk on 2/23/2026