New Fire Technology Acquires Avenir Group Trading Team and Launches Bitcoin Asset Management Service

Odaily reported on April 22 that New Fire Technology (1611.HK) announced it will acquire the investment team and trading system of Li Lin's family office, Avenir Group, for $1.6 million. Following the acquisition, New Fire Technology plans to launch a Bitcoin-denominated asset management service named Alpha BTC, aiming to attract over 10,000 Bitcoins in investment within a year, valued at approximately $760 million. The strategy will generate returns through derivative trading such as options, using Bitcoin or the IBIT ETF as underlying assets. Target clients include crypto-native investors and local Hong Kong enterprises. As of the end of 2025, Avenir Group held 18.3 million shares of BlackRock's iShares Bitcoin Trust, valued at $908 million.