This individual helped “orange-pill” US President Donald Trump joined the advisory group of a healthcare firm establishing a Bitcoin reserves strategy.
Prenetics, the Hong Kong and US based provider of health care services, issued a warning on Wednesday. said It would invest the same amount of money as Strategy, which is $20 million in Bitcoin.BTC). Kraken’s custody account was used to secure 187 BTC, at an average of $106,712 each.
“Prenetics plans to substantially increase its Bitcoin holdings and aims to become one of the largest healthcare corporate Bitcoin holders globally,” It was announced that.
Prenetics also announced Andy Cheung as the new chief operating officer of OKEx. Tracy Hoyos Lopez was listed on Prenetics as the chief of staff for strategic initiatives and Kraken, who spearheaded Trump’s move to crypto-based campaigns. “elite advisory team.”
“After successfully guiding President Trump’s Bitcoin advocacy and seeing the regulatory environment strengthen globally, Prenetics’ comprehensive Bitcoin strategy, now bolstered by their strengthened financial position, positions the company to benefit immensely from accelerating institutional adoption,” Say Lopez.
Related: Swedish health firm raises $10M to buy Bitcoin, stock jumps 45%
Prenetics’ total liquid assets were approximately $117,000,000, which included pro-forma money, Bitcoins and short-term investments. The Nasdaq shares of Prenetics (PRE), the company stock, rose by more than 8,7% on Wednesday amid the BTC news.
US Government Plan for National BTC Reserve?
There are many US-based companies that have adopted similar strategies to Strategy and Prenetics. following Trump’s executive order to establish a “Strategic Bitcoin Reserve” You can also find out more about the following: “Digital Asset Stockpile” In March. White House reports that US government officials were in March. held roughly 200,000 BTC Seizures from criminal and civil cases
The Trump administration may not be legally allowed to add to its BTC stockpile. However, an adviser of the president suggests that the US Treasury should do this. revalue its gold certificates To fund cryptocurrency purchases. As of today, there are no plans in place to fund crypto purchases. would not use taxpayer funds Buy BTC but rely instead on an “budget-neutral” strategy.
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Source: cointelegraph.com
