Prenetics Acquires $20 Million In Bitcoin To Boost Healthcare Bitcoin Treasury Strategy
Posted On June 18, 2025
Prenetics Global Limited (NASDAQ:PRE) announced on Wednesday that it had completed a $20 million in Bitcoin (CRYPTO: BTC/USD) purchase of 187.42 BTC at an average price of $106,712 per Bitcoin via a Kraken custody account.
The move follows divestitures that strengthened Prenetics’ pro-forma cash to approximately $66 million and Pro-forma cash, BTC and short-term assets to roughly $117 million.
The comprehensive long-term Bitcoin strategy, approved by its Board of Directors, includes board approval to allocate most of the company’s balance sheet to Bitcoin, implement an alpha-generating strategy, and institutional discussions for expanded Bitcoin acquisition.
About The Author
