Hong Kong’s Bitfire Targets Over 10,000 Bitcoin in Just One Year

Huobi founder Li Lin, a longtime Bitcoin advocate, is launching a Bitcoin asset management push in Hong Kong through Bitfire Group, where he is the largest shareholder. He is moving a specialized trading team and systems from his family office Avenir Group to Bitfire for about 1.6 million dollars to launch the Alpha BTC strategy. This regulated product aims to attract over 10,000 Bitcoin in external capital, worth roughly $780 million at current prices, within its first year.

The strategy targets Hong Kong-listed companies that already hold Bitcoin on their balance sheets but lack regulated ways to generate returns from them. It uses options trading on Bitcoin or BlackRock’s iShares Bitcoin Trust ETF (IBIT) to produce additional yields within Hong Kong’s regulatory framework.

Livio Weng, CEO of Bitfire, highlighted the opportunity by saying, “Market demand for such products is huge,” noting the growing number of local firms holding Bitcoin yet lacking efficient ways to earn returns from it.

Li brings strong credentials, having built Huobi into a major Bitcoin exchange before selling a controlling stake for around one billion dollars in 2022. His family office has since become one of Asia’s largest Bitcoin ETF investors.

In contrast, companies like Japan’s Metaplanet and South Korea’s Bitplanet follow the corporate Bitcoin treasury model. They treat Bitcoin as a core reserve asset on their own balance sheets and focus on aggressive, long-term accumulation. Metaplanet has grown to over 40,000 Bitcoin by early 2026, with plans to reach much higher targets through equity raises and operations. Bitplanet targets 10,000 Bitcoin and builds its stack through disciplined daily purchases funded by its business, committing not to sell for short-term gains.

The key difference is that Metaplanet and Bitplanet prioritize growing their own Bitcoin holdings to drive shareholder value, while Bitfire manages external client Bitcoin through professional trading strategies to generate fees and yields. One builds direct treasury exposure; the other offers managed services on top of Bitcoin holdings. This shows two complementary paths for Bitcoin adoption in Asia: corporate self-accumulation versus regulated asset management.