Prenetics, a Nasdaq-listed healthcare technology company, has secured a significant investment of $48 million to fuel the expansion of its wellness brand IM8 and implement a strategic Bitcoin treasury program. The company aims to acquire one Bitcoin daily for the next five years, contributing towards a goal of reaching $1 billion in revenue and Bitcoin holdings within that timeframe. This move marks a significant step forward for corporate adoption of Bitcoin as a treasury asset, potentially impacting market dynamics and echoing precedents set by companies like MicroStrategy and Tesla. 💰 💻 📈
The investment comes with support from prominent investors such as David Beckham, Kraken, and Jihan Wu. By integrating Bitcoin into its assets alongside traditional health sector expansion, Prenetics is highlighting a powerful intersection of healthcare technology and cryptocurrencies.
Prenetics CEO Danny Yeung notes that the funding will accelerate IM8’s global growth while accumulating one Bitcoin daily towards their ambitious goal. The company plans to leverage this investment to establish itself as a leader in the evolving healthcare tech landscape, with a strong focus on leveraging innovation for real-world applications. 🌎