K Wave Media sold all its 88 BTC holdings to reduce approximately $6 million in debt, abandoning its corporate Bitcoin strategy. The company has shifted focus to AI infrastructure investments.

Prenetics Global Limited, a health sciences company, has unveiled a corporate Bitcoin treasury strategy by purchasing 187.42 BTC for $20 million at an average price of $106,712 per coin. The company said its board approved allocating the majority of its $117 million balance sheet to Bitcoin, marking a notable expansion of BTC adoption into the healthcare sector. The move follows the strategic transfer of ownership of ACT Genomics, which lifted Prenetics’ pro-forma cash to about $66 million and total liquid assets, including BTC and short-term holdings, to roughly $117 million. Prenetics also appointed former OKEx COO Andy Cheung to its board and said its treasury approach will go beyond passive holding, incorporating derivatives, structured products, yield strategies, and institutional-grade trading methods. In addition, the company plans to expand its Bitcoin holdings through institutional capital partnerships and begin accepting Bitcoin payments across its consumer platforms, including IM8 Health and CircleDNA. Supported by advisors Tracy Hoyos Lopez of Kraken and TOKEN2049 founder Raphael Strauch, Prenetics is positioning Bitcoin as both a treasury reserve asset and a broader strategic component of its long-term corporate model.

Nasdaq-listed health sciences company Prenetics Global Limited announced it has terminated its daily bitcoin purchasing program effective December 4, 2024, following board approval, and will redirect all capital and strategic focus toward IM8, its fast-growing consumer health and longevity brand co-founded with David Beckham. The company retains its existing holdings of 510 bitcoins as a treasury reserve asset but will not allocate new or existing capital to expand that position. The move marks a clear shift from the bitcoin accumulation strategy adopted earlier in 2024, as several public firms had begun accumulating bitcoin during a rising market, a trend that has recently slowed amid weaker cryptocurrency prices. IM8 generated over $100 million in annualized recurring revenue within 11 months of launch and is projected to generate between $180 million and $200 million in revenue for fiscal year 2026. Prenetics holds more than $70 million in cash, zero debt, and plans to fund IM8's growth internally. The decision comes as bitcoin trades near $88,626, with market cap around $1.77 trillion, after a period of weak market sentiment.

Prenetics Global Limited, a Nasdaq-listed health sciences company, has ended its daily bitcoin purchase program and is redirecting all capital and strategic focus toward IM8, a consumer health and longevity brand co-founded with David Beckham. The company retains 510 bitcoin as a treasury reserve but will not acquire more. IM8 reached $100 million in annualized recurring revenue within 11 months and is projected to generate $180-$200 million in fiscal 2026. The move comes as bitcoin struggles amid weak market sentiment, reflecting a broader trend of public companies returning to core business operations.

Health sciences company Prenetics Global Limited has purchased $20 million worth of Bitcoin (187.42 BTC at an average price of $106,712) as part of a newly approved corporate treasury strategy, making it the first healthcare firm to adopt a Bitcoin treasury. The company plans to allocate the majority of its $117 million balance sheet to Bitcoin through active management using derivatives and yield strategies. Former OKEx COO Andy Cheung joins the board, and advisors include Kraken's Chief of Staff and TOKEN2049 founder. Prenetics reported a 336.5% revenue increase in Q1 2025 and plans to accept Bitcoin payments on its consumer platforms. This move signals Bitcoin's expansion from tech and finance into the healthcare sector.

Prenetics Global Limited, a health sciences company, announced the purchase of $20 million worth of Bitcoin at an average price of $106,712 (187.42 BTC), with board approval to allocate most of its $117 million balance sheet to BTC. Former OKEx COO Andy Cheung joins the board, bringing active treasury management plans involving derivatives and structured products. The company aims to expand BTC holdings through institutional partnerships, accept Bitcoin payments on its consumer platforms, and has appointed advisors from Kraken and TOKEN2049. Prenetics reported a 336.5% year-over-year revenue increase in Q1 2025 and maintains a debt-free balance sheet. This move marks a landmark integration of Bitcoin into the healthcare sector.