U.S. Stock Market Listed Company Prenetics Raises $46.8 Million to Advance Bitcoin Treasury Strategy
On October 27th, as per Coindesk, the U.S.-listed health tech company Prenetics (PRE) successfully completed a $46.8 million oversubscribed equity financing round. This financing will be utilized to expand its health brand IM8 globally and expedite its Bitcoin treasury strategy. If all warrants are exercised, the total funding amount may reach $212 million. The investors include Kraken, Exodus, and others. The company intends to purchase 1 Bitcoin daily with the aim of achieving $1 billion in revenue and holding a certain amount of Bitcoin within five years. The IM8 brand achieved an annual recurring revenue of $100 million in just 11 months.
Breaking: Prenetics (PRE) secures $46.8M in equity financing to boost its Bitcoin treasury strategy and expand IM8 globally. Potential to hit $212M with warrants exercised. Investors include Kraken and Exodus. Targeting 1 BTC daily purchase through 2025