Prenetics’ Bitcoin Obsession Hits 378 BTC! 💸💸

by

Prenetics Global Limited, a Hong Kong-based health sciences company, has taken a bold step into the future… by buying more Bitcoin. Because nothing says “innovation” like holding a cryptocurrency that’s as stable as a disco ball in a hurricane. 🕺

Their latest move? Purchasing 100 BTC at an average price of $109,594. For context, that’s roughly the cost of a mid-sized island in the Bahamas, if the island had a Bitcoin ATM and a sign that read “No refunds.” 🏝️

JUST IN: Prenetics (NASDAQ:PRE) bolsters #BitcoinTreasury with acquisition of 100 Bitcoin, IM8 hits $100M ARR.

Full Release:

– Prenetics (@Prenetics) October 31, 2025

Now they hold 378 BTC, worth $41 million. If you’re thinking, “Wait, isn’t that the same as the amount they just raised?” You’re not alone. The company says it’s all part of their “strategic plan” to merge health innovation with Bitcoin accumulation. Because nothing says “health” like a balance sheet that’s 32% Bitcoin. 🩺

CEO Danny Yeung claimed the purchase reflects the company’s “immediate execution” of its plan. We’re sure it’s all very… immediate. “Our dual-engine strategy positions this growth acceleration as our primary driver,” he said. We’re not sure what the second engine is, but we’re guessing it’s a very expensive coffee machine. ☕

Corporate Treasury Strategy

Prenetics became the first healthcare company to adopt a Bitcoin treasury model. Because nothing says “trustworthy” like having a volatile asset as your main reserve. They initially bought $20 million worth of BTC, which is about the same as buying a lifetime supply of coffee for their employees. Since August, they’ve been buying one Bitcoin a day. Because nothing says “consistency” like a daily Bitcoin purchase, even if the price is fluctuating more than a toddler on a trampoline. 🧸

Yeung emphasized that IM8-co-founded by David Beckham-has reached $100 million in annual revenue. We’re not sure if that’s from the wellness products or the sheer force of Beckham’s charisma. The company aims to hit $1 billion in revenue and $1 billion in Bitcoin holdings in five years. We can only assume they’ll be using the Bitcoin to buy more wellness products, creating a cycle of… wellness and volatility. 🧘‍♂️

The growing trend: Bitcoin as a treasury asset

Prenetics’ decision is part of a growing trend among companies adopting Bitcoin as a reserve asset. Because nothing says “financial stability” like holding a digital currency that’s more volatile than a teenager’s mood. German fintech Aifinyo AG joined the “Bitcoin for Corporations” initiative, investing €3 million. We’re sure that’s a safe bet, just like buying a house in 2007. 🏠

Meanwhile, Luxembourg became the first Eurozone country to invest in Bitcoin via its sovereign wealth fund. The Intergenerational Sovereign Wealth Fund (FSIL) allocated 1% of its portfolio to Bitcoin ETFs. Because nothing says “prudence” like putting your country’s future in a cryptocurrency that’s currently worth 10% less than it was last week. 📉

These trends reflect a wider pattern: companies and nations are now considering Bitcoin not as a speculative asset, but as a long-term store of value. Or maybe they’re just hoping the price doesn’t drop before they can sell. Either way, it’s a wild ride, and we’re all just passengers on the Bitcoin Express. 🚂💰

Read More

2025-11-01 14:14