Beckham-Backed Prenetics Drops Bitcoin Accumulation to Focus on IM8 Growth

• Prenetics halted its Bitcoin accumulation plan less than three months after raising $48 million.
• Capital is now fully redirected toward scaling IM8, a supplements brand.
• Existing BTC holdings remain untouched, with 510 BTC retained as a passive reserve asset.

Prenetics Global has abandoned its plan to aggressively accumulate Bitcoin, less than three months after raising $48 million in an equity round that was partly designed to fund a crypto treasury.

The Nasdaq-listed health sciences firm said it will no longer pursue additional Bitcoin purchases, pulling away from a strategy it only formally embraced earlier this year.

The decision follows a prolonged period of weakness in the crypto market, which has put digital asset treasury models that gained popularity during the first half of the year, at risk.

Bitcoin prices have fallen substantially since Prenetics,…

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