Prenetics International Restricted (NASDAQ: PRE) is the newest agency within the healthcare house to repeat MicroStrategy’s $40 billion bitcoin treasury technique, having acquired its first $20 million BTC funding, with assist from world crypto alternate Kraken.
There may be a surge of bitcoin treasury corporations that concentrate on accumulating bitcoin and following methods just like Technique.
Though the Prenetics acquisition is small by comparability to companies spending a whole lot of thousands and thousands of {dollars} on BTC, the agency stated it has board approval to considerably improve its bitcoin holdings and goals to turn into one of many largest healthcare company bitcoin holders globally, in a press assertion on Wednesday.
“What excites me most isn’t just Bitcoin as a treasury asset, however the convergence we’re witnessing between healthcare innovation and blockchain expertise,” stated Danny Yeung, CEO of Prenetics. “We’re on the daybreak of a brand new period the place genomics, customized medication, and digital property will intersect in ways in which might revolutionize how we method human well being, longevity and wealth.”
Earlier this week, H100 Group (H100), a Swedish health-technology firm, introduced a 750 million kronor ($79 million) transaction to assist its long-term bitcoin BTC treasury technique.
Prenetics additionally introduced the appointment of Andy Cheung, former COO of OKEx, to its Board of Administrators.
Learn extra: Trump Media and Semler Scientific Might Be Most cost-effective Bitcoin Treasury Corporations by This Metric