Prenetics has announced its strategy to significantly increase its Bitcoin reserves by investing $20 million in cryptocurrency.
Prenetics' Investment Move
According to the announcement, Prenetics plans to invest $20 million in Bitcoin (BTC). This move positions them as one of the first companies in the healthcare sector to actively engage in the cryptocurrency market. They have already secured approximately 187 BTC at an average price of $106,712 per Bitcoin using a Kraken custody account.
New Board Members
Among the newly appointed board members are former OKEx COO Andy Cheung and Tracy Hoyos Lopez, Chief of Staff for Strategic Initiatives at Kraken, who previously played a role in President Trump's Bitcoin advocacy.
Global Trends in Bitcoin Adoption
Recently, there has been a growing interest in Bitcoin adoption strategies among US companies, especially following Trump's executive order regarding the establishment of a Strategic Bitcoin Reserve. Reports indicate that the US government held approximately 200,000 BTC at the time of the order due to seizures from civil actions.
Prenetics' strategy could significantly alter their financial landscape and strengthen their position in the burgeoning cryptocurrency market, providing the company with the opportunity to become one of the largest Bitcoin holders in the healthcare sector.
