• About
  • Privacy Poilicy
  • Disclaimer
  • Contact
CoinInsight
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Ripple
  • Future of Crypto
  • Crypto Mining
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Ripple
  • Future of Crypto
  • Crypto Mining
No Result
View All Result
CoinInsight
No Result
View All Result
Home Bitcoin

Prenetics Spends $11 Million To Purchase 100 Bitcoin T

Coininsight by Coininsight
October 31, 2025
in Bitcoin
0
Prenetics Spends $11 Million To Purchase 100 Bitcoin T
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Prenetics World Restricted (NASDAQ: PRE) introduced the acquisition of 100 bitcoin at a median value of $109,594, increasing its complete holdings to 378 BTC — valued at roughly $41 million. 

The transfer comes simply days after the well being sciences firm accomplished a $44 million fairness providing that was oversubscribed by strategic buyers together with Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and tennis champion Aryna Sabalenka.

“This 100 Bitcoin acquisition demonstrates our speedy execution on the strategic imaginative and prescient we outlined to buyers,” mentioned CEO Danny Yeung, highlighting Prenetics’ twin concentrate on scaling its wellness model IM8 and constructing long-term worth by means of bitcoin accumulation.

Following the acquisition and fairness increase, Prenetics holds $127 million in complete liquidity with no debt—$86 million in money and $41 million in bitcoin. The firm continues to buy one bitcoin per day, supplementing that with opportunistic bigger buys.

Yeung famous that IM8 has reached $100 million in annual recurring income in simply 11 months, calling it the quickest progress within the complement business’s historical past. Prenetics goals to broaden IM8 globally whereas strengthening its bitcoin treasury as a core stability sheet asset.

Prenetics as a Bitcoin treasury firm

For context, Prenetics made headlines earlier this 12 months by changing into the primary healthcare agency to implement a Bitcoin treasury technique. The corporate initially bought $20 million value of BTC, buying 187.42 cash at a median value of $106,712, with plans to allocate nearly all of its $117 million stability sheet to Bitcoin.

Since then, Prenetics has executed a disciplined accumulation plan, buying roughly one bitcoin per day since August 1, 2025, and now holds about 275 BTC, valued at $31 million as of late October. 

The technique is a part of a broader effort to mix its fast-growing complement model, IM8 — which reached $100 million ARR in beneath a 12 months — with long-term cryptocurrency holdings.

The corporate has additionally strengthened its management and advisory workforce, appointing former OKEx COO Andy Cheung to the board and interesting business specialists from Kraken and TOKEN2049. 

The agency’s twin concentrate on well being dietary supplements and Bitcoin accumulation underscores its ambition to succeed in $1 billion in annual income alongside $1 billion in Bitcoin holdings over the subsequent 5 years, highlighting the rising intersection of healthcare and cryptocurrency innovation.

Again in 2024, former footballer David Beckham grew to become a strategic investor in Prenetics and co-founded IM8, citing his concentrate on superior client well being merchandise. 

Beckham additionally engaged with shareholder Professor Dennis Lo, studying about his pioneering prenatal testing work and early most cancers detection focus, reinforcing the potential influence of Prenetics’ improvements on international well being.

Related articles

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

February 19, 2026
OpenSea Provides Good Vibes Membership NFT To Its NFT Reserve

OpenSea Provides Good Vibes Membership NFT To Its NFT Reserve

February 19, 2026


Prenetics World Restricted (NASDAQ: PRE) introduced the acquisition of 100 bitcoin at a median value of $109,594, increasing its complete holdings to 378 BTC — valued at roughly $41 million. 

The transfer comes simply days after the well being sciences firm accomplished a $44 million fairness providing that was oversubscribed by strategic buyers together with Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and tennis champion Aryna Sabalenka.

“This 100 Bitcoin acquisition demonstrates our speedy execution on the strategic imaginative and prescient we outlined to buyers,” mentioned CEO Danny Yeung, highlighting Prenetics’ twin concentrate on scaling its wellness model IM8 and constructing long-term worth by means of bitcoin accumulation.

Following the acquisition and fairness increase, Prenetics holds $127 million in complete liquidity with no debt—$86 million in money and $41 million in bitcoin. The firm continues to buy one bitcoin per day, supplementing that with opportunistic bigger buys.

Yeung famous that IM8 has reached $100 million in annual recurring income in simply 11 months, calling it the quickest progress within the complement business’s historical past. Prenetics goals to broaden IM8 globally whereas strengthening its bitcoin treasury as a core stability sheet asset.

Prenetics as a Bitcoin treasury firm

For context, Prenetics made headlines earlier this 12 months by changing into the primary healthcare agency to implement a Bitcoin treasury technique. The corporate initially bought $20 million value of BTC, buying 187.42 cash at a median value of $106,712, with plans to allocate nearly all of its $117 million stability sheet to Bitcoin.

Since then, Prenetics has executed a disciplined accumulation plan, buying roughly one bitcoin per day since August 1, 2025, and now holds about 275 BTC, valued at $31 million as of late October. 

The technique is a part of a broader effort to mix its fast-growing complement model, IM8 — which reached $100 million ARR in beneath a 12 months — with long-term cryptocurrency holdings.

The corporate has additionally strengthened its management and advisory workforce, appointing former OKEx COO Andy Cheung to the board and interesting business specialists from Kraken and TOKEN2049. 

The agency’s twin concentrate on well being dietary supplements and Bitcoin accumulation underscores its ambition to succeed in $1 billion in annual income alongside $1 billion in Bitcoin holdings over the subsequent 5 years, highlighting the rising intersection of healthcare and cryptocurrency innovation.

Again in 2024, former footballer David Beckham grew to become a strategic investor in Prenetics and co-founded IM8, citing his concentrate on superior client well being merchandise. 

Beckham additionally engaged with shareholder Professor Dennis Lo, studying about his pioneering prenatal testing work and early most cancers detection focus, reinforcing the potential influence of Prenetics’ improvements on international well being.

Tags: BitcoinbuyMillionPreneticsSpends
Share76Tweet47

Related Posts

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

by Coininsight
February 19, 2026
0

CME Group will start providing 24/7 buying and selling for its regulated cryptocurrency futures and choices on Could 29, pending...

OpenSea Provides Good Vibes Membership NFT To Its NFT Reserve

OpenSea Provides Good Vibes Membership NFT To Its NFT Reserve

by Coininsight
February 19, 2026
0

OpenSea, the biggest non-fungible token market platform by buying and selling gross sales quantity, continues to purchase and maintain “culturally...

BlackRock’s Ethereum Provide Shock: May a 95% Staking Lockup Ship ETH to New Highs?

BlackRock’s Ethereum Provide Shock: May a 95% Staking Lockup Ship ETH to New Highs?

by Coininsight
February 18, 2026
0

BlackRock has begun seeding its iShares Staked Ethereum Belief (ETHB). The institutional big is formally increasing into Ethereum’s staking ecosystem!...

CFTC Chair Says Crypto Market Construction Invoice Nears Closing Approval

CFTC Chair Says Crypto Market Construction Invoice Nears Closing Approval

by Coininsight
February 18, 2026
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure With the tip of the month...

Ethereum’s Bounce Nonetheless Lacks Conviction — Draw back Danger Stays

Ethereum’s Bounce Nonetheless Lacks Conviction — Draw back Danger Stays

by Coininsight
February 18, 2026
0

Ethereum is trying to rebound after latest promoting stress, however the restoration up to now lacks the power wanted to...

Load More
  • Trending
  • Comments
  • Latest
MetaMask Launches An NFT Reward Program – Right here’s Extra Data..

MetaMask Launches An NFT Reward Program – Right here’s Extra Data..

July 24, 2025
Naval Ravikant’s Web Price (2025)

Naval Ravikant’s Web Price (2025)

September 21, 2025
Finest Bitaxe Gamma 601 Overclock Settings & Tuning Information

Finest Bitaxe Gamma 601 Overclock Settings & Tuning Information

November 26, 2025
Haedal token airdrop information

Haedal token airdrop information

April 24, 2025
Kuwait bans Bitcoin mining over power issues and authorized violations

Kuwait bans Bitcoin mining over power issues and authorized violations

2
The Ethereum Basis’s Imaginative and prescient | Ethereum Basis Weblog

The Ethereum Basis’s Imaginative and prescient | Ethereum Basis Weblog

2
Unchained Launches Multi-Million Greenback Bitcoin Legacy Mission

Unchained Launches Multi-Million Greenback Bitcoin Legacy Mission

1
Earnings Preview: Microsoft anticipated to report larger Q3 income, revenue

Earnings Preview: Microsoft anticipated to report larger Q3 income, revenue

1
CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

February 19, 2026
Finest Web3 Tokens Checklist for 2026

Finest Web3 Tokens Checklist for 2026

February 19, 2026
Bitcoin Consolidating In A Triangle—Is A 15% Transfer Subsequent?

Bitcoin Consolidating In A Triangle—Is A 15% Transfer Subsequent?

February 19, 2026
What the SEC E-Supply Rule May Imply for Corporations

What the SEC E-Supply Rule May Imply for Corporations

February 19, 2026

CoinInight

Welcome to CoinInsight.co.uk – your trusted source for all things cryptocurrency! We are passionate about educating and informing our audience on the rapidly evolving world of digital assets, blockchain technology, and the future of finance.

Categories

  • Bitcoin
  • Blockchain
  • Crypto Mining
  • Ethereum
  • Future of Crypto
  • Market
  • Regulation
  • Ripple

Recent News

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

CME Plans 24/7 Crypto Futures Buying and selling Beginning Could 29

February 19, 2026
Finest Web3 Tokens Checklist for 2026

Finest Web3 Tokens Checklist for 2026

February 19, 2026
  • About
  • Privacy Poilicy
  • Disclaimer
  • Contact

© 2025- https://coininsight.co.uk/ - All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Ripple
  • Future of Crypto
  • Crypto Mining

© 2025- https://coininsight.co.uk/ - All Rights Reserved

Social Media Auto Publish Powered By : XYZScripts.com
Verified by MonsterInsights