Prenetics Global Limited is investing 20 million USD to purchase approximately 187.42 BTC. This acquisition comes after a significant stock price drop since its public debut in 2022.
Former OKX COO Andy Cheung was appointed to oversee Prenetics’ Bitcoin treasury strategy, aiming to position the company as a top healthcare corporate holder of Bitcoin.
Despite facing a 94.9% loss in market value, Prenetics retains liquidity of over 117 million USD and has raised its revenue expectations for 2025 to between 80 million and 100 million USD.
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