Key Highlights
Li Lin is transferring approximately 20 traders and their proprietary trading system from his Avenir Group family office into Bitfire Group Holdings.
Bitfire Group, formerly Sinohope Technology Holdings, was renamed in March 2026 and holds SFC licenses alongside a Hong Kong trust company license.
The transfer brings part of Li Lin's private trading operation inside a public vehicle without a disclosed transaction price.
Li Lin, one of Asia's best-known crypto figures, is moving his Avenir Group trading team into Bitfire Group Holdings, the Hong Kong-listed wealth firm where he is the largest shareholder. The deal relocates roughly 20 people and their full trading infrastructure into a regulated public entity, expanding Bitfire's capacity to serve private banking and institutional clients across Asia.
Bitfire Group, trading on the Hong Kong Stock Exchange as ticker 1611, carries a market capitalisation of approximately HK$1.66 billion. The company was rebranded from Sinohope Technology Holdings in March 2026 and now operates as a licensed virtual asset manager under Securities and Futures Commission approvals covering Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management), alongside a Hong Kong trust company license.
That regulatory stack positions the firm to manage crypto assets for professional and institutional clients in one of the region's stricter licensing frameworks.
The strategic logic runs in two directions. For Li Lin, channelling his family office trading operation through a listed company creates public-market visibility and a formal fundraising structure without building a new regulated entity from scratch. For Bitfire, the incoming team brings a proven track record from a single-family office setting and a trading system that private banking clients can now access through a regulated wrapper. No transaction price for the team transfer has been disclosed.
