Overview
- Prenetics announced on Dec. 30 that it ended daily Bitcoin buys on Dec. 4 and will not pursue future BTC acquisitions following board approval.
- The company will retain 510 BTC as a treasury reserve but has committed not to allocate any existing or new capital to acquire more.
- IM8 surpassed $100 million in annualized recurring revenue in 11 months, with fiscal 2026 revenue projected at $180 million to $200 million.
- Capital will be directed exclusively to IM8 for product development, brand building, talent, working capital, and international growth.
- Management cited IM8's outperformance and softer crypto-market conditions; Prenetics reports over $70 million in cash, zero debt, and had previously raised $48 million in October that partly supported its now-shelved BTC plan.