Prenetics raises $48 million to advance Bitcoin treasury

ChainCatcher news: Prenetics, a health science company invested by David Beckham, has raised $48 million in an oversubscribed equity financing round to expand its health brand IM8 and advance its Bitcoin reserve strategy.

Prenetics stated in an email announcement sent on Monday that the total financing amount could reach $216 million through the exercise of warrants. This round of financing attracted investors such as Kraken, Exodus, GPTX, and American Ventures. CEO Danny Yeung said that this funding will help IM8 achieve global expansion while accumulating one Bitcoin daily, aiming to reach a target of $1 billion in both revenue and Bitcoin holdings within five years. Data shows that the company currently holds 268.4 Bitcoins (worth $30.9 million).