Xinhua Technology acquires Avenir Group's trading team and launches Bitcoin asset management services

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Odaily Planet Daily News reported that Newhuo Technology (1611.HK) announced on April 22 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, Newhuo Technology plans to launch a Bitcoin-denominated asset management service called Alpha BTC. The target is to attract investments of more than 10,000 Bitcoins within one year, with a value of approximately $760 million. The strategy will generate returns through derivatives trading such as options, and will use Bitcoin or IBIT ETF as the underlying assets. Target customers include crypto-native investors and Hong Kong local businesses. As of the end of 2025, Avenir Group will hold 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million.

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