• Prenetics becomes the first healthcare company to adopt a Bitcoin treasury strategy, purchasing 187.42 BTC for $20 million at an average price of $106,712.
  • The move follows the sale of ACT Genomics, bringing Prenetics’ liquidity to $117 million, with plans to allocate most of its balance sheet to Bitcoin.

Prominent health sciences company Prenetics Global Limited announced that it had acquired 187.42 BTC for $20 million at an average price of $106,712 per coin, making it the first healthcare organisation to implement a Bitcoin treasury strategy.

Inspired by corporate Bitcoin pioneers like MicroStrategy and Metaplanet, the purchase, which was made through a Kraken custodial account, represents a daring turnabout.

The action is in line with Prenetics' improved financial standing, which, after the recent selling of ACT Genomics, now stands at $117 million in total liquidity, including cash, Bitcoin, and short-term assets.

"We're at the dawn of a new era where genomics, personalized medicine, and digital assets will intersect in ways that could revolutionize how we approach human health, longevity, and wealth." CEO Danny Yeung said in a press release.

The business intends to devote the majority of its balance sheet to Bitcoin while pursuing alpha-generating tactics such as institutional finance partnerships and yield farming.

Additionally, Andy Cheung, the former COO of cryptocurrency exchange OKEx, was appointed to Prenetics' Board of Directors. Cheung stated that the business will use instruments like derivatives and structured products to actively manage its treasury as part of its Bitcoin strategy.

To include Bitcoin in its ecosystem, the business also intends to accept cryptocurrency payments on all of its consumer platforms, such as IM8 Health and CircleDNA.

Strong recent growth was recorded by Prenetics, which had a 336.5% year-over-year gain in revenue in the first quarter of 2025. It currently has a debt-free balance sheet and runs three consumer health businesses.

Prenetics' innovative action may change treasury tactics in the healthcare industry as corporate Bitcoin adoption picks up speed throughout the world.

Edited by Annette George