U.S. Stock Market Listed Company Prenetics Raises $46.8 Million to Advance Bitcoin Treasury Strategy

BlockBeats News, October 27th, according to Coindesk, U.S.-listed health tech company Prenetics (PRE) completed a $46.8 million oversubscribed equity financing round, which will be used to globally expand its health brand IM8 and accelerate its Bitcoin treasury strategy. If all warrants are exercised, the total funding amount could reach $212 million. Investors include Kraken, Exodus, among others. The company plans to purchase 1 Bitcoin daily with the goal of achieving $1 billion in revenue and a Bitcoin holding in five years. The IM8 brand achieved $100 million in annual recurring revenue in just 11 months.