Prenetics Expands Bitcoin Holdings to 378 BTC After $44M Equity Raise

Prenetics Global Limited, a health sciences company headquartered in Hong Kong, has expanded its Bitcoin holdings with the acquisition of an additional 100 BTC. The purchase was made at an average price of $109,594, bringing the company's total Bitcoin reserves to 378 BTC, valued at approximately $41 million based on current market prices.

This latest acquisition follows Prenetics' successful completion of an oversubscribed equity offering totaling $44 million. The offering received backing from significant investors, including Kraken, Exodus, Jihan Wu’s GPTX, XtalPi, DL Holdings, and tennis star Aryna Sabalenka.

Following this strategic purchase, Prenetics now commands a total liquidity of $127 million. This comprises $86 million in cash and $41 million in Bitcoin, with the company maintaining a debt-free status.

CEO Danny Yeung stated that the acquisition signifies the company's "immediate execution" of its strategic blueprint, which integrates health innovation with Bitcoin accumulation. Yeung elaborated, "Our dual-engine strategy positions this growth acceleration as our primary driver, while our Bitcoin treasury strategy provides additional long-term value creation."

Corporate Treasury Strategy

Prenetics previously garnered attention for becoming the first healthcare company to implement a Bitcoin treasury model, a strategy that introduces a new dimension of market risk to its balance sheet.

The company's initial investment involved purchasing $20 million worth of BTC, equivalent to 187.42 coins, at an average price of $106,712. Since August 2025, Prenetics has been consistently acquiring one Bitcoin daily, supplemented by larger purchases during favorable market conditions.

Prenetics has articulated its objective to establish Bitcoin as a foundational element of its balance sheet while concurrently expanding its IM8 wellness brand on a global scale. The decision to hold a volatile asset like Bitcoin exposes up to 32% of the company's total reported liquidity to potential significant price fluctuations.

Yeung highlighted the rapid success of IM8, co-founded with former footballer David Beckham, which has achieved $100 million in annual recurring revenue within its first 11 months. The company has set an ambitious long-term goal of reaching $1 billion in annual revenue and an equivalent amount in Bitcoin holdings within the next five years.

The Growing Trend: Bitcoin as a Treasury Asset

Prenetics' strategic move aligns with a burgeoning, albeit debated, trend of global companies and institutions adopting Bitcoin as a reserve asset. This week also saw German fintech Aifinyo AG announce its entry into the "Bitcoin for Corporations" initiative, marking it as Germany’s first pure Bitcoin treasury firm. Aifinyo has invested €3 million in Bitcoin and plans to accumulate 10,000 BTC by 2027.

In a related development, Luxembourg became the first nation within the Eurozone to invest in Bitcoin through its sovereign wealth fund. The Intergenerational Sovereign Wealth Fund (FSIL) of Luxembourg allocated 1% of its portfolio to Bitcoin ETFs, signaling a shift in the perception of digital assets by conventional financial institutions.

These developments collectively illustrate a broader pattern, observed across both fintech companies and national funds, where Bitcoin is increasingly viewed not merely as a speculative instrument but as a viable long-term store of value.