David Beckham-Backed Prenetics Raises $48M to Advance Bitcoin Treasury

Group 1 - Prenetics has raised $48 million in an oversubscribed equity round to expand its wellness brand IM8 and advance its bitcoin treasury strategy, with total proceeds potentially reaching $216 million through warrant exercises [1][2] - The funding will support IM8, which achieved $100 million in annual recurring revenue within 11 months, and aims to accumulate 1 BTC daily towards a goal of $1 billion in both revenue and bitcoin within five years [2] - Currently, Prenetics holds 268.4 BTC valued at approximately $30.9 million [3] Group 2 - Investors in the funding round include Kraken, Exodus, GPTX, and American Ventures [2] - Prenetics is part of a growing trend in the healthcare industry pursuing a bitcoin treasury strategy, having made its first bitcoin purchase in June [2] - PRE shares experienced a nearly 15% decline in pre-market trading, priced at $13.80 [3]