On April 23, New Fire Technology (1611.HK) announced the acquisition of the investment team and trading system of Avenir Group, a family office of Li Lin, for $1.6 million. Following the acquisition, the company will launch a Bitcoin-denominated asset management product called 'Alpha BTC.' This service aims to attract investments exceeding 10,000 Bitcoins within a year, estimated to be worth approximately $760 million at current values. In terms of strategy, Alpha BTC will utilize Bitcoin or IBIT ETF as underlying assets and generate returns through derivatives trading such as options, targeting both crypto-native investors and local businesses in Hong Kong. Notably, by the end of 2025, Avenir Group holds a total of 18.3 million shares of BlackRock iShares Bitcoin Trust, corresponding to an estimated valuation of about $908 million.