Health tech company Prenetics raises $46.8 million to advance Bitcoin vault strategy
Foresight News reported, according to CoinDesk, that health technology company Prenetics (PRE) has completed an oversubscribed equity financing round of $46.8 million, which will be used to globally expand its health brand IM8 and accelerate its Bitcoin vault strategy. If all warrants are exercised, the total financing amount could reach $212 million. Investors include an exchange, Exodus, and others. The company plans to purchase 1 Bitcoin per day, aiming to achieve $1 billion in revenue and Bitcoin holdings within five years. The IM8 brand reached $100 million in annual recurring revenue in just 11 months.
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