New Fire Technology acquires Avenir Group's transaction team and launches Bitcoin asset management services
By: rootdata|2026/04/23 05:47:02
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New Fire Technology (1611.HK) announced that it will acquire the investment team and trading system of the Li Lin family office Avenir Group for $1.6 million.
After the acquisition is completed, New Fire Technology plans to launch a btc-42">Bitcoin-denominated asset management service called Alpha BTC, aiming to attract investments of over 10,000 Bitcoins within a year, valued at approximately $760 million. The strategy will generate returns through trading derivatives such as options, with Bitcoin or IBIT ETF as the underlying assets, targeting clients including crypto-native investors and local businesses in Hong Kong. Avenir Group holds 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million, as of the end of 2025.
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