Prenetics(US:PRE) Yahoo Finance·2025-12-30 23:33Group 1 - Prenetics Global Limited has ceased its daily Bitcoin purchasing activity as of December 4 and will not acquire Bitcoin in the future following Board approval [1][6] - The company currently holds 510.03 BTC, valued at over $44.8 billion, and will continue to hold these as a treasury reserve asset [6] - The decision to stop acquiring Bitcoin is influenced by a lack of confidence in digital asset treasuries amid a market crash [7] Group 2 - Prenetics is focusing its resources on the IM8 brand, co-founded by David Beckham, which has achieved over $100 million in annualized recurring revenue since its launch [2][9] - The management team believes that dedicating attention to IM8 represents a significant opportunity for sustainable shareholder value [9] - The stock price of PRE was trading at $15.72, down 3.5% on the day of the announcement [9]