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Bitfire Targets 10,000 BTC for Hong Kong-Regulated Bitcoin Strategy
Bitfire Group is preparing a Hong Kong-regulated Bitcoin-denominated strategy called Alpha BTC and aims to attract more than 10,000 BTC, worth about $760 million at current prices. Li Lin plans to move a trading system and investment team from Avenir Group into the Hong Kong-listed company. The strategy is expected to use derivatives tied to Bitcoin or BlackRock’s IBIT.