Overview
- The company bought 100 bitcoin at an average price of $109,594, bringing holdings to 378 BTC valued at roughly $41 million.
- Prenetics reports $127 million in total liquidity with no debt, including $86 million in cash and $41 million in bitcoin.
- Management says a disciplined policy of purchasing roughly one bitcoin per day remains in place alongside opportunistic larger buys.
- The recent equity offering drew strategic investors including Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and Aryna Sabalenka.
- CEO Danny Yeung links the bitcoin strategy to scaling the IM8 wellness brand, which he says reached $100 million in annual recurring revenue in 11 months.