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US-listed company Prenetics announces it will stop buying bitcoin and fully focus on brand development

US-listed company Prenetics announces it will stop buying bitcoin and fully focus on brand development

Odaily星球日报Odaily星球日报2025/12/30 13:08
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According to Odaily, Prenetics announced that the company has ceased its daily bitcoin purchase activities as of December 4, 2025. With the approval of the board of directors, Prenetics declared that it will no longer purchase bitcoin in the future, and all existing funds will be allocated to the growth, operations, and strategic expansion of the IM8 brand. Currently, the company holds 510 bitcoins as financial reserve assets and possesses over $70 million in cash and cash equivalents, while maintaining a zero-debt status. The IM8 brand has achieved over $100 million in annualized recurring revenue within 11 months of its launch.

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