Buy Crypto

Prenetics Boosts Bitcoin Holdings to 378 BTC in Treasury Move

Date:

Share post:

Prenetics Increases Bitcoin Holdings by 100 BTC

Hong Kong-based health sciences company Prenetics Global Limited has bought 100 more Bitcoin. The purchase price averaged $109,594 per Bitcoin. This raises their total Bitcoin holdings to 378 coins, valued at about $41 million.

This acquisition follows Prenetics’ recent $44 million equity offering. Major investors included Kraken, Exodus, Jihan Wu’s GPTX, XtalPi, DL Holdings, and tennis player Aryna Sabalenka.

After this purchase, Prenetics holds $127 million in total liquidity. This includes $86 million in cash and $41 million in Bitcoin. The company has no debt.

CEO Danny Yeung said the buy reflects Prenetics’ strategy. The plan combines health innovation with Bitcoin accumulation. Yeung said the dual strategy supports growth and long-term value creation.

Bitcoin Treasury Strategy and Financial Goals

Prenetics was the first healthcare company to adopt a Bitcoin treasury model earlier this year. The company initially bought 187.42 BTC for $20 million at an average of $106,712 each. Since August 2025, it has purchased about one Bitcoin daily and added larger buys during market dips.

The company aims to make Bitcoin a core part of its balance sheet. This exposes up to 32% of its liquidity to Bitcoin’s price fluctuations. Prenetics continues to expand its IM8 wellness brand globally.

Yeung highlighted IM8’s rapid growth, reaching $100 million in annual recurring revenue within 11 months. Co-founded by former footballer David Beckham, the brand targets $1 billion in annual revenue and $1 billion in Bitcoin holdings within five years.

Trend of Bitcoin as a Corporate Treasury Asset

Prenetics’ Bitcoin strategy aligns with a growing trend of companies adopting Bitcoin treasury models. This week, German fintech Aifinyo AG became Germany’s first pure Bitcoin treasury company. Aifinyo invested €3 million in Bitcoin and aims to hold 10,000 BTC by 2027.

Similarly, Luxembourg became the first Eurozone nation to invest in Bitcoin through its sovereign wealth fund. The Intergenerational Sovereign Wealth Fund (FSIL) allocated 1% of its portfolio to Bitcoin ETFs. This marks a shift toward viewing Bitcoin as a long-term store of value.

These developments show increasing acceptance of Bitcoin by fintech firms and national funds as a reserve asset rather than a speculative one.

Marcel
Marcelhttps://cryptonewspub.com/
Marcel is the enthusiastic owner and editor-in-chief of CryptoNewsPub, the go-to source for the latest news, sharp analyses, and groundbreaking insights into the world of cryptocurrency and blockchain. With his passion for decentralization and innovation, he makes complex developments clear and accessible to both novice crypto enthusiasts and seasoned traders. Marcel’s articles inspire, inform, and empower you to embrace the digital financial revolution with confidence.

Related articles

Zcash Shorts Surge Despite 200% Rally Ahead of Halving

Zcash Faces Rising Short Positions Amid Price Surge Zcash (ZEC) is gaining attention for its strong price growth. However,...

ZKsync Atlas Upgrade Boosts Ethereum Speed and Institutional Liquidity

ZKsync Launches Atlas Upgrade to Boost Ethereum Transactions ZKsync’s Atlas upgrade is now live, improving Ethereum’s transaction speed and...

Thodex Founder Faruk Fatih Ozer Found Dead in Turkish Prison

Faruk Fatih Ozer Found Dead in Turkish Prison Faruk Fatih Ozer, founder and former CEO of the failed Turkish...

Tokenization Market to Reach 2 Trillion by 2028 Ethereum to Lead

Standard Chartered Predicts Tokenized Assets Market to Reach $2 Trillion by 2028 Standard Chartered Bank expects the market value...