"Prenetics Global Limited (NASDAQ: PRE) announced the purchase of 100 bitcoin at an average price of $109,594, expanding its total holdings to 378 BTC - valued at roughly $41 million. The move comes just days after the health sciences company completed a $44 million equity offering that was oversubscribed by strategic investors including Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and tennis champion Aryna Sabalenka."
""This 100 Bitcoin acquisition demonstrates our immediate execution on the strategic vision we outlined to investors," said CEO Danny Yeung, highlighting Prenetics' dual focus on scaling its wellness brand IM8 and building long-term value through bitcoin accumulation. Following the acquisition and equity raise, Prenetics holds $127 million in total liquidity with no debt-$86 million in cash and $41 million in bitcoin."
"Prenetics as a Bitcoin treasury company For context, Prenetics made headlines earlier this year by becoming the first healthcare firm to implement a Bitcoin treasury strategy. The company initially purchased $20 million worth of BTC, acquiring 187.42 coins at an average price of $106,712, with plans to allocate the majority of its $117 million balance sheet to Bitcoin. Since then, Prenetics has executed a disciplined accumulation plan, purchasing roughly one bitcoin per day since August 1, 2025,"
Prenetics purchased 100 bitcoin at an average price of $109,594, bringing total holdings to 378 BTC valued at roughly $41 million. The purchase followed a $44 million equity offering oversubscribed by strategic investors including Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and Aryna Sabalenka. CEO Danny Yeung framed the acquisition as execution of a strategy to scale IM8 while building long-term bitcoin value. Following the raise Prenetics holds $127 million in liquidity with no debt—$86 million cash and $41 million in bitcoin. The company purchases about one bitcoin per day and makes opportunistic larger buys. IM8 reached $100 million ARR in 11 months.
Read at Bitcoin Magazine
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