Is it true that one bitcoin every day keeps the doctor away?
Prenetics Global Limited, a Hong Kong health sciences firm, has announced the pricing of its public equity offering. The company expects to earn approximately $48,000,000 in gross proceeds. If all warrants accompanying the offer are exercised, the total amount could reach up to $216,000,000.
This capital raising is to help expand its IM8 supplement brand. bolstering Prenetics’ Bitcoin treasury strategy.
As of October 27, the company held approximately 275 BTC valued at about $31 million.
Prenetics stated that the offering was attended by a group of distinguished institutional and individual investors. These included major crypto platforms, financial companies, and mining firms, such as Kraken (NYSE: EXOD), GPTX (founded by Bitcoin pioneer Jihan Wu), American Ventures LLC (2228.HK), XtalPi (1709.HK), Mythos Group (1498.HK) and DL Holdings (2228.HK).
Dominari Securities LLC acted as the exclusive placement agent and offered 2,992,596 class A ordinary shares, or pre-funded warrants. There are also Class A, Class B, and other warrants which can be used to buy up 5,985,192 shares.
The Class A warrants carry an exercise price of $24.12 — 50% above the offering price of $16.08 — while the Class B warrants are exercisable at $32.16, or a 100% premium. Both warrants will be immediately exercisable and come with a 5-year term.
Aryna Sablalenka, world’s No. Adrian Cheng, an Asian businessman and world No. David Beckham has become a part of the company. also a prominent backer.
Prenetics’ supplement brand IM8 hit $100 million ARR in 11 months and aims for $180–$200 million in 2026 within the $704 billion global market, the company said.
Danny Yeung, CEO of the company, highlighted its dual focus on cryptocurrency and health supplements.
“IM8 has huge global potential, evidenced already by our extraordinary traction across multiple markets. We’re particularly honored to have the backing of a distinguished group of new and existing strategic investors who share our confidence in our dual-engine strategy,” Yeung said.
Bitcoin accumulation: One bitcoin per day
Prenetics, as mentioned above, has an accumulation plan for Bitcoin. They have been purchasing one Bitcoin per day, since August 1, 2020. As of October 27, they held approximately 275 BTC worth $31 Million.
Financially, Prenetics will hold roughly $100 million in cash post-offering, bringing its total liquidity — including Bitcoin holdings — to around $131 million.
The company plans to also review and divest its non-core units in order to focus on IM8 Bitcoin and other initiatives.
It is anticipated that the offering will close around or on October 28, 2025. This depends on customary conditions. Prenetics has a long-term goal to achieve $1 billion of annual revenue and $1 billion worth of Bitcoin within five years. The company’s corporate strategy is to combine the growth in health supplements with cryptocurrency acquisition.
IM8’s operational results demonstrate the success of its subscription-driven business model. More than 12,000,000 servings were shipped in over 420,000 customers’ orders from 31 different countries.
The average order value has increased by $110 from the Daily Ultimate Longevity launch at IM8. This is a reflection of strong demand among consumers for high-end products.
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Source: bitcoinmagazine.com
