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📰 【Bloomberg: Li Lin merges his Avenir Group trading team into Bitfire Group, has received approximately $500 million in investment intentions】
BlockBeats news, on April 22, according to Bloomberg, Li Lin is transferring his family office Avenir Group’s entire trading team of about 20 people to Bitfire Group, a wealth management company in which he holds 30% of the shares, to help the company attract more private banking clients. Livio Weng, CEO of Bitfire, a Hong Kong-listed company, said in an interview that Bitfire will acquire the team and its trading system from Avenir Group. Avenir confirmed this deal. With the new team joining, Bitfire has received about...
What the hell, boss Li—he’s packaging up his own ace traders and selling them off! $HTX Is this move because they’re short on cash, or are they trying to start fresh somewhere else? The $500 million in investment intentions sounds like a lot, but moving the core team out like this doesn’t feel like they’re making a big strategic play—it feels more like they’re rushing to cash out and find someone to take over! Everyone, keep your eyes on it—don’t get fooled by this “strategic restructuring” smoke screen. Keep your wallets tight!
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