Prenetics Acquires $20 Million in Bitcoin to Establish Treasury Strategy
Prenetics Global Limited (NASDAQ: PRE) has invested $20 million in BTC, adopting a strategy similar to MicroStrategy's bitcoin treasury approach. The investment was facilitated by global crypto exchange Kraken.
- Prenetics plans to significantly increase its bitcoin holdings, aiming to become one of the largest healthcare corporate bitcoin holders globally.
- CEO Danny Yeung emphasized the potential intersection of healthcare innovation and blockchain technology.
- H100 Group announced a transaction of 750 million kronor ($79 million) for its own bitcoin treasury strategy.
- Prenetics appointed Andy Cheung, former COO of OKEx, to its Board of Directors.