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Techub News, according to BitcoinTreasuries.NET monitoring, the U.S.-listed healthcare company Prenetics has increased its holdings by 108 bitcoins, raising its total holdings to 498 bitcoins.
Techub News reported, according to The Block, Prenetics Global, a nutritional supplement company backed by football star David Beckham, announced it has canceled its Bitcoin (BTC) reserve and accumulation plan. This decision comes less than three months after the company completed a $48 million funding round and explicitly proposed a strategy to build a crypto asset treasury. Prenetics stated that the company is refocusing its strategic priorities on its core consumer health business, IM8. In October this year, this Nasdaq-listed company completed an oversubscribed equity financing round. The funds were originally planned to be used both to accelerate the construction of the Bitcoin treasury and to expand the IM8 brand. Investors in this round, besides Beckham, included institutions such as Kraken, Exodus, GPTX under Wu Jihan, DL Holdings, and American Ventures. The company disclosed that it currently holds over $70 million in cash and cash equivalents on its books, and holds 510 Bitcoins.
Techub News, Nasdaq-listed company Prenetics added 6 bitcoins this week, increasing its total bitcoin holdings to 504, with a bitcoin investment return of approximately 435% this year. Prenetics CEO Danny Yeung stated that the company's executive team has collectively invested approximately $1.45 million to repurchase about 60,000 shares of the company's stock from the open market, demonstrating confidence in the company's long-term strategy and bitcoin treasury strategy.
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