Core Viewpoint - Prenetics has halted its bitcoin purchases to focus on its IM8 business, which has shown significant growth and revenue potential, despite initial plans to build a bitcoin treasury [1][4][5]. Group 1: Company Strategy - Prenetics raised $48 million earlier this year to support its bitcoin accumulation strategy, inspired by Michael Saylor's model of holding crypto on balance sheets [1][2]. - The company initially aimed to accumulate 1 BTC daily with a goal of reaching $1 billion in revenue and bitcoin within five years [3]. - As of December 4, Prenetics decided to stop purchasing bitcoin to concentrate resources on the IM8 business, which has generated over $100 million in annualized recurring revenue since its launch [4][5]. Group 2: Financial Performance - Prenetics has seen its shares rise by 189% this year, contrasting with the performance of Michael Saylor's MSTR, which fell nearly 48%, and a 5.6% dip in bitcoin prices [6]. - The company currently holds 510 bitcoin as a reserve asset, valued at nearly $45 million as of the latest report [5].