🚨 HEALTH AND #bitcoin ! 🧬💊 PRENETICS BUYS $20 MILLION IN $BTC AND AIMS FOR THE LARGEST MEDICAL TREASURY 🚀💰
📢 Prenetics Global Limited, an innovative health sciences company based in Hong Kong and listed on Nasdaq (PRE), has just launched its strategic Bitcoin reserve with the purchase of 187.42 #BTC , valued at approximately $20 million! 🤯 Acquired at an average price of $106,712 per unit, the company will not stop there and plans to build one of the largest Bitcoin treasuries in the medical industry! 🏥💼
According to Danny Yeung, CEO of Prenetics, this responds to the exciting convergence between medical innovation and Bitcoin technology. He believes that genomics, personalized medicine, and digital assets "will revolutionize the way we approach health, longevity, and human wealth." Get ready because Prenetics will not only allocate the majority of its balance to BTC but will also seek to develop a comprehensive long-term acquisition plan with major financial institutions and will even implement strategies to maximize the returns on its Bitcoin holdings! 🔄
Bitcoin will not only be in their treasury! Prenetics' direct-to-consumer platforms, IM8 Health and CircleDNA, will begin accepting payments in BTC, integrating the cryptocurrency from corporate strategy to daily transactions with users. 🛒
With a solid financial base of $117 million in total liquidity (no debt), Prenetics follows the trend of "Saylorización," joining companies like MicroStrategy and Semler Scientific, which see Bitcoin as a long-term store of value. In fact, after the announcement, Prenetics' stock soared by 23%! 📈
🤔 Do you think this move is a precursor to even broader corporate adoption of Bitcoin in non-financial industries, validating its role as a global store of value and a transactional asset? 👇💬
