Bitcoin News Update: Prenetics’ Two-Pronged Approach Draws Cryptocurrency Companies and Celebrities in $48 Million Funding Round

Prenetics Global Limited (NASDAQ: PRE) has raised $48 million through an equity offering that was oversubscribed, attracting a diverse group of investors, including major players from the cryptocurrency sector, institutional backers, and well-known celebrities. This fundraising round, which features a dual-warrant mechanism that could bring in an extra $216 million if fully exercised, highlights the health sciences firm's commitment to growing its IM8 supplement line and strengthening its

reserves. The transaction was finalized on October 28, 2025, with prominent supporters such as crypto exchange Kraken, GPTX (founded by Bitcoin mining pioneer Jihan Wu), publicly listed Exodus (NYSE: EXOD), and tennis champion Aryna Sabalenka, according to an .

This $48 million capital raise comes on the heels of IM8’s swift rise in the global supplement market, reaching $100 million in annual recurring revenue just 11 months after its December 2024 debut. Co-founded with soccer legend David Beckham, IM8 now brings in over $8.6 million each month and forecasts sales between $160 million and $200 million for 2026. CEO Danny Yeung described IM8 as a key part of Prenetics’ “dual-engine strategy,” alongside its Bitcoin holdings, which have grown to 275 BTC (worth $31 million as of October 27) through a daily purchase program started in August, as noted in a

.

The equity offering includes Class A and B warrants, which can be exercised at 50% and 100% premiums over the $16.08 per-share price, giving investors the option to benefit from future stock gains. Strategic collaborators like Bitdeer Technologies Group (NASDAQ: BTDR) and XtalPi (2228.HK) contribute their expertise in Bitcoin mining and AI-powered health product innovation. Celebrity investors such as Sabalenka and Adrian Cheng, an early Prenetics backer, further reinforce the company’s consumer-focused direction.

Prenetics has also revealed intentions to sell off non-core businesses to focus its efforts on IM8 and expanding its Bitcoin portfolio. Yeung shared a five-year vision aiming for $1 billion in yearly revenue and $1 billion in Bitcoin assets, leveraging a robust financial position of $100 million in cash and $31 million in Bitcoin after the offering. This approach is in step with broader industry movements, such as record inflows into Bitcoin ETFs and increased institutional adoption of crypto treasuries, though it stands out amid recent fluctuations in Bitcoin options markets before Halloween expiries.

This fundraising round demonstrates rising institutional trust in business models that combine traditional and digital assets. Kraken’s involvement, following its own $500 million funding round led by Jane Street Capital, points to a growing trend of Wall Street firms expanding their crypto investments. At the same time, SpaceX’s recent $134 million Bitcoin wallet restructuring highlights the growing role of digital assets in corporate treasuries.

Prenetics’ Bitcoin reserves now place it among notable corporate holders, though it remains behind larger companies like Strategic (640,418 BTC) and MicroStrategy. By focusing on both consumer health and digital assets, Prenetics is positioning itself to benefit from the $704 billion global supplements industry and the increasing institutional embrace of Bitcoin.