TLDR
- Prenetics Global raised $48 million in equity funding with potential total proceeds of $216 million if all warrants are exercised
- Major crypto investors including Kraken, Exodus, GPTX by Jihan Wu, DL Holdings, and American Ventures participated in the round
- The company has been buying 1 Bitcoin daily since August 2025 and currently holds approximately 275 BTC worth $31 million
- Prenetics co-founded supplement brand IM8 with David Beckham, which hit $100 million in recurring revenue within 11 months
- The company aims to reach $1 billion in annual revenue and $1 billion in Bitcoin holdings within five years
Prenetics Global completed a $48 million equity offering on October 27, 2025. The Nasdaq-listed health sciences company sold 2,992,596 Class A ordinary shares with accompanying warrants at $16.08 per share.
Prenetics Announces Oversubscribed Approximately $48 Million Equity Offering with Potential for $216 Million in Total Proceeds to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
To learn more, please visit: https://t.co/rnWkfmOnNP$PRE #IM8 pic.twitter.com/ZdoEmKvp5H
— MZ North America (@MZ_NorthAmerica) October 27, 2025
The oversubscribed round attracted major cryptocurrency investors. Kraken, Exodus, GPTX by Jihan Wu, DL Holdings, and American Ventures all participated in the offering.
Tennis player Aryna Sabalenka and Hong Kong tycoon Adrian Cheng increased their stakes in the company. Football legend David Beckham remains a shareholder and co-founder of the company’s supplement brand.
The offering includes two types of warrants. Class A warrants can be exercised at $24.12 per share, while Class B warrants have an exercise price of $32.16 per share.
Both warrant types become exercisable immediately. They remain valid for five years from the issuance date.
If all warrants are exercised, total proceeds could reach $216 million. Dominari Securities LLC acted as sole placement agent for the transaction.
Bitcoin Treasury Strategy
Prenetics announced its bitcoin treasury initiative in June 2025. The company began a daily 1 BTC accumulation strategy on August 1, 2025.
As of October 27, Prenetics holds approximately 275 BTC. Current holdings are valued at $31 million based on recent Bitcoin prices.
Following the latest offering, Prenetics expects to hold total liquidity of around $131 million. CEO Danny Yeung said the new capital will accelerate the company’s Bitcoin treasury initiatives.
The health tech firm joined other companies adopting Bitcoin treasury strategies in 2025. This approach combines traditional business operations with digital asset holdings.
IM8 Supplement Brand Growth
Prenetics will use a portion of the funds to expand IM8 globally. The consumer supplement brand was co-founded with David Beckham.
IM8 achieved $100 million in recurring revenue within 11 months of launch. The company projects revenues between $160 million and $200 million for 2026.
Yeung stated the company aims to reach $1 billion in annual revenue within five years. This timeline matches the company’s Bitcoin holding target.
Prenetics stock fell 21.96% to close at $13.08 on Monday. The stock rebounded 4.51% in after-hours trading according to Yahoo Finance data.
The stock dropped 19.46% over the past five days. The shares remain up 161.6% over the past six months.
The securities were offered under a shelf registration statement on Form F-3. The Securities and Exchange Commission declared the statement effective on September 11, 2025.
The offering closed on October 28, 2025 subject to standard closing conditions.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
