|

Nasdaq-Listed Healthcare Company Prenetics Secures $48M to Boost Bitcoin Treasury Strategy

👇

Nasdaq-listed Prenetics Global has raised $48 million in an oversubscribed fairness spherical to develop its Bitcoin treasury program and scale its fast-growing complement model, IM8.

Key Takeaways:

  • Prenetics raised $48 million in an oversubscribed fairness spherical led by each conventional and crypto traders.
  • The firm goals to develop its IM8 complement model and Bitcoin treasury.
  • Prenetics’ long-term purpose is to hit $1 billion in annual income and $1 billion in Bitcoin holdings inside 5 years.

The spherical drew a mixture of conventional and crypto-native traders, together with Kraken, Exodus, GPTX (based by Jihan Wu), DL Holdings, and American Ventures.

According to the company’s announcement on Monday, superstar traders comparable to Aryna Sabalenka and Adrian Cheng additionally elevated their stakes.

Prenetics Targets $216M Raise to Expand IM8 and Bitcoin Holdings

Prenetics, which counts David Beckham amongst its shareholders, mentioned the providing might generate up to $216 million in whole proceeds if all warrants are exercised.

CEO Danny Yeung mentioned the brand new funding will speed up IM8’s worldwide enlargement whereas strengthening the agency’s Bitcoin accumulation technique.

Prenetics started its “1 BTC per day” treasury plan on August 1, constructing a place of about 275 BTC, price roughly $31 million as of October 27.

Following the capital elevate, the corporate expects whole liquidity of round $131 million.

IM8, co-founded with Beckham, has grow to be a key driver of the corporate’s progress. The model hit $100 million in recurring income inside its first 11 months and is projected to generate between $160 million and $200 million in 2026.

Yeung mentioned Prenetics’ long-term ambition is to attain $1 billion in annual income and $1 billion in Bitcoin holdings inside 5 years.

Despite Monday’s announcement, Prenetics’ inventory fell 21.96% to shut at $13.08, earlier than rebounding 4.51% in after-hours buying and selling, in accordance to Yahoo Finance.

The firm’s shares stay risky however have climbed greater than 160% over the previous six months, pushed by rising investor curiosity in its distinctive mix of healthcare innovation and Bitcoin treasury administration.

Metaplanet Launches $500M Buyback as mNAV Drops Below Bitcoin Holdings.

On Tuesday, Japan’s Bitcoin treasury agency Metaplanet introduced plans to repurchase up to 150 million shares, representing about 13% of its whole inventory, in response to a pointy decline in its market-to-net-asset worth (mNAV).

The firm mentioned the initiative is designed to improve capital effectivity and tackle the rising hole between its enterprise worth and Bitcoin holdings, noting that market volatility has pushed its shares nicely under intrinsic worth.

The agency’s mNAV hit a high of 10.33x in February however dropped to 0.88x earlier this month earlier than recovering to 1.03x, signaling persistent undervaluation relative to its Bitcoin reserves.

To execute the buyback, Metaplanet’s board authorised a $500 million credit score facility to fund the repurchases over the subsequent 12 months, beginning October 29, 2025.

According to a latest report by 10x Research, retail traders chasing Bitcoin publicity by way of public firms like Metaplanet and Michael Saylor’s Strategy have lost an estimated $17 billion.

The agency mentioned the losses stem from share premiums that after priced these firms far above the worth of their Bitcoin holdings, premiums which have now evaporated.

Meabwhike, Galaxy Digital CEO Michael Novogratz believes the wave of latest crypto treasury companies has likely hit its peak, with consideration now shifting to which current corporations can scale and dominate.

The submit Nasdaq-Listed Healthcare Company Prenetics Secures $48M to Boost Bitcoin Treasury Strategy appeared first on Cryptonews.

Similar Posts