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 – worth approximately $41 million.
The move comes just days after the health sciences company completed a $44 million equity offering subscribed to by strategic investors including Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings and tennis champion Aryna Sabalenka.
“This 100 BTC acquisition demonstrates our immediate execution of the strategic vision we have set for investors,” said CEO Danny Young, highlighting Prenetics’ dual focus on scaling its IM8 health brand and building long-term value through Bitcoin accumulation.
Following the acquisition and equity raise, Prenetics has $127 million in total cash without debt — $86 million in cash and $41 million in Bitcoin. The company continues to buy one bitcoin per day, supplementing that with larger, opportunistic purchases.
Young noted that IM8 has reached $100 million in annual recurring revenue in just 11 months, calling it the fastest growth in the history of the nutritional supplement industry. Prenetics aims to expand IM8 globally while strengthening its Bitcoin treasury as a core asset on the balance sheet.
Prenetics as a Bitcoin treasury company
For context, Prenetics made headlines earlier this year when it became the first healthcare company to implement a Bitcoin treasury strategy. The company initially purchased $20 million worth of Bitcoin, 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 implemented a disciplined accumulation plan, purchasing roughly one bitcoin per day since August 1, 2025, and now owns about 275 bitcoins, worth $31 million, as of late October.
The strategy is part of a broader effort to combine its fast-growing complementary brand, IM8 — which reached $100 million in less than a year — with long-term cryptocurrency holdings.
The company has also strengthened its leadership and advisory team, appointing Andy Cheung, former COO of OKEx, to the Board of Directors and engaging industry experts from Kraken and TOKEN2049.
The company’s dual focus on health supplements and Bitcoin accumulation underscores its ambition to reach $1 billion in annual revenue alongside $1 billion in Bitcoin holdings over the next five years, highlighting the growing intersection between healthcare and cryptocurrency innovation.
Back in 2024, former footballer David Beckham become A strategic investor in Prenetics and co-founded IM8, citing its focus on advanced consumer health products.
Beckham also interacted with contributor Professor Dennis Lu, to learn about his pioneering work in prenatal testing and his focus on early cancer detection, reinforcing the potential impact of Prenetics’ innovations on global health.
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