Prenetics Global Limited, a Nasdaq-listed global health sciences company, announced its bitcoin treasury strategy, advancing the company’s stated intersection with digital asset development.
According to Globenewswire, the company announced in its unaudited second-quarter financial results that it held 228.42 BTC, approximately $26.1 million.
The strategy appears to be an initial success in terms of sentiments from investors. Prenetics’ shares rose 13.71% to close at $10.07 and traded an additional $0.13 in after-hours trading to arrive near $10.20.
This announcement signals a more extensive overall adoption trend by publicly listed companies adopting bitcoin as a treasury asset as part of balance sheet optimization and inflation risk hedging.
Revenue Surge and Strong Cash Position Back Strategy
Prenetics had a great second quarter for 2023 from a financial standpoint, where revenue came to $17.7 million, a jaw-dropping 594.9% increase year-over-year.
Total adjusted liquid assets came to $90.3 million, which included $63.5 million in cash, and the company indicated that it is carrying no debt at this time.
Prenetics is in a great position today to support its treasury plans, including its initial purchase of $20 million of 187.42 BTC in June 2025 at an average price per Bitcoin of $106,712.
With a solid balance sheet, Prenetics is established in a strong position as both a health sciences innovator and a forward-thinking corporate Bitcoin buyer.
Daily Bitcoin Accumulation Strategy Underway
On August 1st, 2025, Prenetics began a daily Bitcoin accumulation program, purchasing one BTC each day programmatically with operating cash.
As of September 10th, the company’s total holdings had grown to 228.42 BTC, purchased at an average price of $108,131.
With Bitcoin priced at $115,105, Prenetics Holdings carries an approximate unrealized gain of $1.6 million or an annualized yield of approximately 30% since the program began.
The company plans to adhere to this disciplined accumulation strategy through 2025 and has indicated plans to increase accumulation in 2026 as cash generation continues to grow.
CEO Outlines Vision of Health and Wealth Optimization
Danny Yeung, CEO and Co-Founder of Prenetics, made note of the company’s explicit dual emphasis on health and wealth optimization.
As much as Prenetics builds products like IM8 to elevate physical health, the company actually developed a treasury strategy to elevate financial health and shareholder value.
He shared how the company’s $90 million in cash and Bitcoin assets, no debt, and a clear path to profitability by early 2026, present strong evidence of long-term resilience.
They’ve also launched a new Bitcoin Treasury Analytics page for real-time transparency on its bitcoin holdings, as well as its performance.
Wider Trend of Bitcoin Treasuries Among Public Companies
Prenetics’ move parallels a growing trend of companies adopting Bitcoin for their corporate treasury strategy.
On July 14, UK-listed company Tao Alpha acquired 28.56 BTC valued at £2.5 million, which resulted in an immediate 33% increase in its share price, and was rebranded as Satsuma Technology PLC under recently appointed CEO, Henry Elder, according to UnoCrypto.
Notably, on July 24, we reported that gold mining company Nativo Resources unveiled a Bitcoin treasury strategy to supplement its traditional gold reserves, which also resulted in a 23.56% increase in stock price.
These examples, in conjunction with Prenetics’ use, indicate that Bitcoin is gaining traction as a non-correlated asset and long-term store of value in the corporate strategic treasury for publicly traded companies.