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

Core Insights - Prenetics Global has successfully raised $48 million in an oversubscribed equity round to enhance its Bitcoin treasury program and expand its IM8 supplement brand [1][9] - The company aims to achieve $1 billion in annual revenue and $1 billion in Bitcoin holdings within five years [4][6] Investment and Stakeholders - The funding round attracted a diverse group of investors, including traditional and crypto-native firms such as Kraken, Exodus, and DL Holdings, along with celebrity investors like Aryna Sabalenka and Adrian Cheng [3][9] - Prenetics has a notable shareholder in David Beckham, which adds to its brand recognition [4] Financial Performance and Projections - The company initiated a "1 BTC per day" treasury plan on August 1, accumulating approximately 275 BTC valued at around $31 million as of October 27 [5] - Following the capital raise, Prenetics anticipates total liquidity of about $131 million [5] - The IM8 brand achieved $100 million in recurring revenue within its first 11 months and is projected to generate between $160 million and $200 million in 2026 [5] Market Reaction - Despite the positive funding news, Prenetics' stock experienced a decline of 21.96% to close at $13.08, but rebounded by 4.51% in after-hours trading [6] - The company's shares have shown volatility but have increased over 160% in the past six months, reflecting growing investor interest in its unique business model [6]