Bitcoin News Update: Prenetics Secures $48M Funding, Igniting Discussion on Medical Advancements and Bitcoin Market Fluctuations
Prenetics (NASDAQ: PRE) has announced a $48 million equity raise to speed up the international growth of its IM8 health supplement line and strengthen its
The capital raised will support IM8’s rapid expansion—having achieved $100 million in annual recurring revenue within just 11 months—and further Bitcoin accumulation as part of Prenetics’ combined “health-and-wealth” initiative, StockTitan noted. As of October 27, 2025, the company holds 275 Bitcoin (BTC) and intends to keep acquiring 1
Market response to the announcement has been varied. Shares of
Prenetics has reiterated its focus on openness, promising that the final prospectus supplement will detail the placement agent fees and the specifics of BTC purchases. The offering is conducted under a Form F-3 shelf registration that was approved by the SEC on September 11, 2025, as mentioned in
The company’s unique strategy—blending health product innovation with digital asset investment—has attracted attention in the consumer health industry. IM8, co-founded with David Beckham and promoted by tennis champion Aryna Sabalenka, is now recognized as the world’s fastest-growing supplement brand, according to StockTitan. At the same time, Prenetics’ Bitcoin policy sets it apart as a leader in corporate cryptocurrency adoption, though some warn about the risks of linking company value to such volatile assets.
