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 international crypto alternate Kraken.
There’s a surge of bitcoin treasury corporations that concentrate on accumulating bitcoin and following methods much like Technique.
Though the Prenetics acquisition is small by comparability to companies spending a whole bunch of tens of millions of {dollars} on BTC, the agency stated it has board approval to considerably enhance its bitcoin holdings and goals to grow to be 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, personalised drugs, and digital belongings 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 May Be Most cost-effective Bitcoin Treasury Firms by This Metric
