Prenetics Adopts Bitcoin Treasury With Support From Former OKEx COO

• Bitcoin treasury strategy gains traction in healthcare sector
• Prenetics buys 187 BTC and targets institutional adoption
• Kraken and TOKEN2049 Advisors Strengthen Long-Term Vision

Nasdaq-listed biotechnology company Prenetics Global has officially adopted bitcoin as a strategic part of its treasury, with the acquisition of 187,42 BTC at a cost of approximately $20 million, purchased via Kraken. The average price of the transaction was $106.712 per unit of the cryptocurrency.

PRENETICS INVESTS $20M IN BITCOIN, PIONEERING HEALTHCARE'S ENTRY INTO CRYPTO

Prenetics has allocated $20 million to purchase 187.42 BTC as part of its new Bitcoin treasury strategy.

It becomes the first healthcare company to formally adopt a corporate crypto reserve approach.… pic.twitter.com/xqMwGu5YJ6

— Crypto Town Hall (@Crypto_TownHall) June 18, 2025

Headquartered in Hong Kong and with a presence in the US, Prenetics is positioning itself as the first healthcare company to actively integrate bitcoin into its balance sheet. According to a statement from the company, the decision came shortly after the divestiture of ACT Genomics, which brought the company’s combined pro forma cash (including bitcoin and short-term assets) to $117 million.

Danny Yeung, CEO of Prenetics, stated: “With our strengthened balance sheet of $117 million in cash, BTC and short-term assets, we now have the financial foundation to pioneer innovative treasury management approaches, including our historic bitcoin treasury strategy.”

The initiative follows in the footsteps of MicroStrategy and Metaplanet, with Prenetics aiming to become a benchmark for institutional BTC accumulation in the medical sector. The company intends to expand its exposure to the cryptocurrency and utilize financial tools such as derivatives and yield strategies.

The company’s board has approved the reallocation of the majority of its treasury into bitcoin. To help execute this strategy, former OKEx exchange COO Andy Cheung has been appointed to the board. According to him, “This is not about passive Bitcoin storage — this is about dynamic treasury management using derivatives, yield strategies, and institutional-grade trading techniques.”

The advisory team has also been bolstered by the addition of Tracy Hoyos Lopez, a Kraken alum who is known for her role in bringing former President Donald Trump closer to bitcoin. Hoyos noted that Prenetics is well positioned “to benefit immensely from the acceleration of institutional adoption.”

Additionally, Raphael Strauch, founder of TOKEN2049 and Alice Capital, joins the advisory team, expanding the company’s reach within the global cryptocurrency community and institutional investors.