Nasdaq-listed Prenetics Global raises $48 million for bitcoin treasury expansion
Prenetics Global secured $48 million in an oversubscribed equity round to expand its Bitcoin treasury and supplement brand IM8.Summary
Nasdaq-listed health sciences firm Prenetics Global raised approximately $48 million in an oversubscribed equity offering, attracting crypto-focused investors like Kraken and GPTX by Jihan Wu, alongside existing backers such as Aryna Sabalenka and Adrian Cheng. This capital infusion is intended to accelerate the global expansion of its supplement brand, IM8, and advance its disciplined Bitcoin treasury strategy, which currently holds about 275 BTC. CEO Danny Yeung stated the company's long-term goal is to achieve $1 billion in annual revenue and $1 billion in Bitcoin holdings within five years. The offering could yield up to $216 million if all warrants are exercised, boosting total expected liquidity to around $131 million.
(Source：The Block)