Prenetics has enhanced its Bitcoin treasury with a strategic acquisition of 100 Bitcoin, leveraging funds from a $44 million equity offering to support its dual-engine growth strategy in health and digital assets.

Information on the Target

Prenetics Global Limited (NASDAQ: PRE) is a prominent health sciences company that aims to revolutionize the health and longevity sectors. The Company has recently strengthened its Bitcoin treasury with the acquisition of 100 Bitcoin at an average price of $109,594 each. This strategic investment reflects Prenetics' commitment to integrating digital asset management into its business model, emphasizing its dual-engine strategy of health innovation and Bitcoin accumulation.

With this latest addition, Prenetics now holds a total of 378 Bitcoin, collectively valued at approximately $41 million. The acquisition was funded by proceeds from a recent successful equity offering that raised $44 million, underscoring the Company's robust financial standing and strategic investor support.

Industry Overview

The health and wellness industry in the United States has experienced significant growth over the past few years, with increasing consumer interest in supplements and health-related products. The sector is projected to reac