neutral
Recently
Prenetics halts further Bitcoin buying to prioritize consumer health business
Prenetics ended additional Bitcoin acquisitions to focus capital on growing its consumer health brand IM8, retaining its current Bitcoin holdings.
Prenetics Global Limited, a Nasdaq-listed health sciences company, announced it has stopped future Bitcoin purchases as of early December and will redirect investment capital to expand its consumer health brand IM8. The firm will retain its existing holdings of approximately 510 Bitcoin but will allocate new funds toward IM8’s product growth and market expansion amid broader crypto market weakness.