Prenetics Global Limited has made a significant investment of $20 million in Bitcoin, acquiring 187.42 BTC as part of its new corporate treasury strategy. This move is supported by a strong balance sheet, bolstered by the transfer of ownership of ACT Genomics, which increased liquid assets to $117 million. CEOs Danny Yeung and Andy Cheung emphasize that their approach will involve active treasury management and institutional-grade financial strategies rather than passive storage. Prenetics aims to expand its Bitcoin holdings and accept Bitcoin payments on its platforms, reflecting a long-term commitment to cryptocurrency.
With our strengthened balance sheet of $117 million in cash, BTC and short-term assets, we now have the financial foundation to pioneer innovative treasury management approaches, including our historic Bitcoin treasury strategy.
This isn't about passive Bitcoin storage. We're talking about dynamic treasury management using derivatives, yield strategies, and institutional-grade trading techniques.
This is not a short-term play or market timing decision. We are implementing a comprehensive strategy for the long-term.
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