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Prenetics stops buying bitcoin as crypto treasury trade loses steam

The David Beckham-backed health sciences company is pivoting toward its fast-growing IM8 unit after a prolonged downturn in digital-asset prices.

Prenetics (PRE), a health-sciences company that raised $48 million earlier this year, partially to build a bitcoin treasury, said it decided to stop purchasing BTC amid prolonged weakness in the cryptocurrency market.
The company rolled out its bitco… [1667 chars]

Source: CoinDesk | Published: 2025-12-30T18:26:41Z

Credit: CoinDesk

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