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Stock impact report

Chinese crypto tycoon eyes Hong Kong capital with bitcoin asset management push [Yahoo! Finance]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: Yahoo! Finance
Hong Kong-listed Bitfire Group, where he is the largest shareholder, in ?an effort to tap into demand for digital assets among investors and institutions. Bitfire, a wealth-management firm, on ?Wednesday said it had agreed to buy the investment team and trading systems of Avenir Group, Li's family office, for $1.6 million. Li, from China's Hunan province, built Huobi - now known as HTX - into one of the world's largest cryptocurrency exchanges, before a Beijing crackdown ?reshaped the industry. Cryptocurrency trading has ?been banned in mainland China since 2021, while Hong Kong is striving to become a virtual asset hub. After selling a controlling stake ?in Huobi for about $1 billion to crypto entrepreneur Justin Sun in 2022, Li shifted his focus to his family office. With the acquisition, Bitfire plans to raise external money to provide ?regulated ?bitcoin-denominated asset management services, called the "Alpha BTC" strategy, ?said Livio Weng, CEO of ?Bitfire, in an inter Show less Read more
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