Wu said that health technology company Prenetics announced that it will cease its daily Bitcoin purchasing activity starting from December 4, 2025. Approved by the board of directors, Prenetics announced that it will no longer buy Bitcoin in the future, and all existing funds will be used for the growth, operations, and strategic expansion of the IM8 brand. Currently, the company holds 510 Bitcoins as financial reserve assets, has over $70 million in cash and cash equivalents, and is debt-free. The IM8 brand has achieved over $100 million in annual recurring revenue within 11 months of launch.
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Wu said that health technology company Prenetics announced that it will cease its daily Bitcoin purchasing activity starting from December 4, 2025. Approved by the board of directors, Prenetics announced that it will no longer buy Bitcoin in the future, and all existing funds will be used for the growth, operations, and strategic expansion of the IM8 brand. Currently, the company holds 510 Bitcoins as financial reserve assets, has over $70 million in cash and cash equivalents, and is debt-free. The IM8 brand has achieved over $100 million in annual recurring revenue within 11 months of launch.