Prenetics halts further Bitcoin accumulation, shifts capital and strategic focus to IM8

PANews, December 30—According to Markets Insider, an exchange announced that it has stopped daily bitcoin purchases since December 4 and will no longer acquire BTC in the future. It currently holds 510 BTC, over $70 million in cash equivalents, and has zero debt. The company will focus its capital on its consumer health brand IM8, investing in product development, brand building, talent acquisition, and international expansion. IM8 achieved an annualized revenue of over $100 million within 11 months of launch, and management expects FY2026 revenue to reach $180 million to $200 million. The board has approved retaining the existing BTC as financial reserves, with no further allocations planned.