Xinhuo Technology Acquires Avenir Group's Trading Team and Launches Bitcoin Asset Management Service

In comparison, Xinhuo Technology (1611.HK) announced that it will acquire the investment team and trading system of Li Lin's family office Avenir Group for $1.6 million.

Following the completion of the acquisition, Xinhuo Technology plans to launch a bitcoin-denominated asset management service called Alpha BTC, which aims to attract investment of more than 10,000 bitcoins within a year, worth approximately $760 million. The strategy will generate revenue through derivatives trading such as options, and use Bitcoin or IBIT ETFs as underlying assets. Target customers include native crypto investors and local businesses in Hong Kong. Avenir Group held 18.3 million shares of BlackRock's iShares Bitcoin Trust as of the end of 2025, valued at $908 million.