Bitcoin News Update: Prenetics Secures $48M Funding, Igniting Discussion on Medical Advancements and Bitcoin Market Fluctuations
- Prenetics raised $48M via equity offering to expand its IM8 supplement brand and Bitcoin treasury strategy, priced at $16.08 per unit. - The deal includes 2.99M shares and warrants with 50-100% premiums, aiming to fund IM8's $100M ARR growth and daily BTC purchases. - Market reaction was mixed, with shares down 15% premarket amid concerns over shareholder dilution and Bitcoin price volatility risks. - The offering, underwritten by Trump-backed Dominari Securities, highlights Prenetics' "health-and-wealth
Prenetics (NASDAQ: PRE) has announced a $48 million equity raise to speed up the international growth of its IM8 health supplement line and strengthen its
The capital raised will support IM8’s rapid expansion—having achieved $100 million in annual recurring revenue within just 11 months—and further Bitcoin accumulation as part of Prenetics’ combined “health-and-wealth” initiative, StockTitan noted. As of October 27, 2025, the company holds 275 Bitcoin (BTC) and intends to keep acquiring 1
Market response to the announcement has been varied. Shares of
Prenetics has reiterated its focus on openness, promising that the final prospectus supplement will detail the placement agent fees and the specifics of BTC purchases. The offering is conducted under a Form F-3 shelf registration that was approved by the SEC on September 11, 2025, as mentioned in
The company’s unique strategy—blending health product innovation with digital asset investment—has attracted attention in the consumer health industry. IM8, co-founded with David Beckham and promoted by tennis champion Aryna Sabalenka, is now recognized as the world’s fastest-growing supplement brand, according to StockTitan. At the same time, Prenetics’ Bitcoin policy sets it apart as a leader in corporate cryptocurrency adoption, though some warn about the risks of linking company value to such volatile assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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