Under Li Linzheng’s Avenir Group, about 20 members of the trading team and its systems are being transferred to Bitfire Group, a Hong Kong-listed company, with Li Lin holding 30% equity in Bitfire to attract private banking clients. Bitfire said it will acquire the team and systems from Avenir, and Avenir has confirmed the transaction. After the new team joins, Bitfire has obtained an indication of an initial investment of about $500 million.

MarsBitNews

2026-04-22 01:35:26

Abstract generation in progress

Mars Finance reports that Li Lin is transferring his entire family office trading team of about 20 people from Avenir Group to Bitfire Group, a wealth management company listed in Hong Kong. It is understood that Li Lin owns a 30% stake in Bitfire to help the company attract more private banking clients. Bitfire CEO Livio Weng stated that Bitfire will acquire the team and its trading system from Avenir Group. Avenir confirmed the deal. With the addition of the new team, Bitfire has secured an initial investment intention of approximately $500 million from family offices and publicly listed companies.

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Bloomberg: Li Lin transfers 20-person trading team to Hong Kong-listed company Bitfire

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