As of October 31, 2025,
On October 31, 2025, Prenetics purchased an additional 100
Prenetics’ Bitcoin strategy involves both routine daily buys and larger, opportunistic acquisitions when market conditions are favorable. The company first entered the Bitcoin treasury space in June 2025 with a $20 million investment and intends to maintain this two-pronged approach. This move signals rising institutional trust in Bitcoin as a strategic asset, with Prenetics joining other public firms allocating resources to digital assets as part of their long-term value strategies.
Corporate Treasury Trends and Market Outlook
Recent Bitcoin price movements have been shaped by wider economic factors, such as the Federal Reserve’s interest rate reduction in October 2025 and ongoing global uncertainties. Despite a sharp decline in late October that wiped out $19 billion in open interest, Bitcoin quickly rebounded, demonstrating its strength. Market analysts point out that Bitcoin’s resilience in these turbulent times highlights its evolution from a speculative investment to a recognized strategic asset.
Technical analysis indicates that Bitcoin is currently challenging the 0.85 cost-basis band (around $109,000), a level that has historically marked significant market turning points. If this support holds, further gains may follow; however, a drop below could lead to more consolidation. The market is largely in a wait-and-see mode, anticipating clearer direction from the Federal Reserve’s December meeting and upcoming economic data.
Backtest Proposal
To gain deeper insight into how Bitcoin rallies affect companies with large BTC reserves, we suggest a backtest analyzing the impact of BTC price jumps of 5% or more on firms with significant Bitcoin exposure. This study would track the performance of selected public companies—such as MicroStrategy, Tesla, Block, and Coinbase—during and after these surge periods.
The backtest would pinpoint all instances where BTC rose by at least 5% between January 1, 2022, and October 31, 2025, based on daily closing prices. For each surge, the analysis would review the subsequent 1-, 5-, 10-, and 20-day stock returns for these companies, along with metrics like hit ratio, maximum drawdown, and average return. The objective is to evaluate whether companies holding substantial Bitcoin typically outperform or lag behind following major BTC price increases, shedding light on the relationship between Bitcoin’s price action and corporate stock performance.