Nasdaq-Listed Healthcare Firm Opens Bitcoin Treasury With $20 Million BTC Buy

When most health companies discuss digital transformation, they usually mean electronic medical documentation or telemedicine platforms.

But for Pretetics Global Limited, he publicly traded in health sciences, Digital meant something quite the following level: the Bitcoin Treasury Strategy in the amount of $ 20 million, which adds its name to the increasing list of companies that adopted the Bitcoin acquisition strategy.

Genomics and Digital Health Company on the NASDAQ List discovered It is Wednesday that he acquired 187.42 BTC at an average price of $ 106,712 using Kraken’s custody platform. Purchase represents the beginning of what prenetics calls “comprehensive” Bitcoin strategy Approved by its committee, with plans for significant future spread.

In a statement, the company said that the investment is a part of the plan for the “dawn of the new era” in which domains such as genomics, personalized medicine and digital assets “” intersect in ways that could revolutionize “as we think about health, wealth and longevity, Danny Yeung Director, said in a statement.

In addition to its treasury strategy, PRENETICS plans to explore the generation of yields of crypto by borrowing and structured products using tools for an institutional class. The company will also accept Bitcoin payments for its consumer health stamps, creating an integrated ecosystem from treasury management to customers transactions.

The company recently increased its year -round guidelines for $ 2025 revenues to $ 80 to $ 100 million, projecting profitability from the Q4. His shares (Nasdaq: Pre) rose 23.3% a day on Wednesday of trading in the amount of $ 9.26 after his announcement.

Orange

In order to lead the initiative, the prenetics hired former Ocex Chief Operating Director Andy Cheung’s Committee. Cheung has previously helped to oversee billions in daily crypto trading on one of the world’s biggest exchange.

Tracy Hoyos-López, Chief of Staff for Strategic Initiatives in Kraken, joined the company as a counselor, helping to run a prenetica because she adopts the Bookin Treasury Playbook book handled by companies, including, including, including Strategy and Metaplanet.

Hoyos-lópez was one of three people who was the main thing for President Donald Trump to make “orange”, bringing him to speak at the Bitcoin Conference in Nashville last year.

At the Trump Conference promised To determine the “strategic stock of BTC”. In March, president signed Executive command to establish a strategic reserve “Capitalized with Bitcoin owned by the Federal Government,” the AI ​​and Crypto Czar David Sacks statement.

Hoyos-lópez fiercely advocated Trump, who at the time faced Kamal Harris for the Presidency. “Our industry as a whole will cease to exist if Trump does not win,” Hoyos-lópez said at the time, by A report from CNBC.

Decipher Came to the prenetration for comment on Hoyos-lópez meeting.

Edited by Stephen Graves