๐ฅ David Beckham-Backed Prenetics Dives Into Bitcoin $BTC ๐ Buys $20M Worth!
Healthcare company Prenetics, supported by soccer star David Beckham, has made a big move into Bitcoin! ๐
The company, known for health tests like CircleDNA, just bought $20 million worth of $BTC (187.42 BTC). This makes Prenetics the first big healthcare company on the stock market (Nasdaq) to invest in Bitcoin this way. ๐ฐ
The market liked the news! ๐ Prenetics' own stock price jumped 23% higher after the announcement.
More Than Just Buying: Prenetics isn't just holding this Bitcoin. They have a bigger plan:
1. Major Investment: They plan to put most of their company money into Bitcoin long-term (approved by their board).
2. Crypto Payments: They will start accepting cryptocurrency payments (like Bitcoin) for their health products and services.
3. Growing the Crypto Side: They want to build a "full Bitcoin ecosystem," potentially including things like earning interest on their Bitcoin holdings.
Why Bitcoin? CEO Danny Yeung sees a future where health science (like DNA testing) meets digital money (like Bitcoin). He believes holding Bitcoin is key to making this vision real. ๐ฎ
Bringing in Crypto Experts: To help with this plan, Prenetics hired Andy Cheung (ex-COO of crypto exchange OKEx) to join their board and guide their crypto strategy. This adds experience for the complex crypto market. ๐งฉ
Following a Trend: Prenetics joins other public companies adding Bitcoin to their savings, inspired by the success of companies like MicroStrategy. They're also raising their 2025 money predictions and expect to be profitable soon, showing confidence in their overall plan. ๐ช
Key Takeaway: A major Beckham-backed health company is betting big on Bitcoin, not just as an investment but as a core part of its future business and payments! ๐๐ฐ