Overview
- The company ended its daily Bitcoin buying on December 4 and will make no further acquisitions under a board-approved policy.
- Prenetics will keep its 510 BTC as a treasury reserve but will not allocate any existing or new capital to increase that holding.
- All capital allocation now targets IM8’s expansion, including product development, brand marketing, talent, working capital, and international growth.
- IM8 surpassed $100 million in annualized recurring revenue within 11 months and is projected to generate $180–$200 million in fiscal 2026, according to company guidance.
- Prenetics reports over $70 million in cash and zero debt, and the shift aligns with a broader pullback from crypto-treasury strategies after weaker market performance.