Prenetics Global Limited (NASDAQ: PRE) is the latest firm in the healthcare space to copy MicroStrategy’s $40 billion bitcoin treasury strategy, having acquired its first $20 million BTC investment, with help from global crypto exchange Kraken.
There is a surge of bitcoin treasury companies that focus on accumulating bitcoin and following strategies similar to Strategy.
Although the Prenetics acquisition is small by comparison to firms spending hundreds of millions of dollars on BTC, the firm said it has board approval to substantially increase its bitcoin holdings and aims to become one of the largest healthcare corporate bitcoin holders globally, in a press statement on Wednesday.
“What excites me most is not just Bitcoin as a treasury asset, but the convergence we’re witnessing between healthcare innovation and blockchain technology,” said Danny Yeung, CEO of Prenetics. “We’re at the dawn of a new era where genomics, personalized medicine, and digital assets will intersect in ways that could revolutionize how we approach human health, longevity and wealth.”
Earlier this week, H100 Group (H100), a Swedish health-technology company, announced a 750 million kronor ($79 million) transaction to support its long-term bitcoin BTC treasury strategy.
Prenetics also announced the appointment of Andy Cheung, former COO of OKEx, to its Board of Directors.
Read more: Trump Media and Semler Scientific Could Be Cheapest Bitcoin Treasury Companies by This Metric
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The thesis is that high yields on long-term U.S. Treasuries make non-yielding assets like bitcoin…
Bitcoin Magazine Data Breach at Trezor Leaks Info on Nearly 14,000 Bitcoin Wallet Users Hardware…
Bitcoin Magazine Chinese AI Beats Restricted OpenAI and Anthropic Cybersecurity Models, Bitcoin Industry Warns Bitcoin…
An in-depth analysis of the U.S. CPI released Wednesday suggests the underlying price pressures remain…
Crypto markets remain in a low volatility holding pattern, trading in a tight range following…
Your day-ahead look for Aug. 13, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]