New Huo Technology Group acquires the transaction team of family office Avenir Group and launches Bitcoin asset management services

Techub News reported, according to Reuters, that Hong Kong-listed company Bitfire Group (1611.HK) announced on April 22 that it will acquire the investment team and trading system of Li Lin's family office Avenir Group for $1.6 million. Li Lin is the largest shareholder of Bitfire Group.

Bitfire Group CEO Livio Weng stated that after the acquisition is completed, the company plans to launch a Bitcoin-denominated asset management service named "Alpha BTC," aiming to attract investments exceeding 10,000 Bitcoins (valued at approximately $760 million) within one year. This strategy will generate returns through derivative trades such as options, using Bitcoin or the IBIT ETF as underlying assets. Target clients include crypto-native investors and local Hong Kong enterprises.

According to Bitfire's estimates, at least 40 Hong Kong-listed companies hold Bitcoin. Avenir Group has become the largest Bitcoin ETF investor in Asia since 2024, holding 18.3 million shares of BlackRock iShares Bitcoin Trust by the end of 2025, valued at $908 million.