Prenetics Global Limited (NASDAQ: PRE), a genomics-driven healthcare company, has officially joined the growing list of corporate entities adding Bitcoin to their balance sheet. On June 19, the company announced the acquisition of 187.42 BTC worth approximately $20 million, purchased via Kraken’s custody platform.
$20M in Bitcoin Marks the Beginning
The investment was completed at an average price of $106,712 per Bitcoin, and Prenetics confirmed it has board approval to increase its BTC holdings substantially. With this move, the company aims to become one of the largest Bitcoin-holding corporations in the healthcare sector.
“Bitcoin represents not just a store of value, but a foundation for future digital innovation,” said Prenetics CEO Danny Yeung.
Following MicroStrategy’s Footsteps — With a Twist
While tech firms like MicroStrategy have made headlines for their massive Bitcoin reserves, Prenetics is pioneering this trend within the healthcare industry. Its treasury strategy combines financial resilience with an ambitious long-term vision that aligns blockchain innovation with biomedical advancement.
“The convergence of genomics, personalized medicine, and blockchain will revolutionize healthcare and wealth systems,” Yeung added.
Kraken Powers Secure Institutional Custody
Prenetics relied on Kraken’s institutional-grade custody service to manage its Bitcoin acquisition. Kraken, one of the most trusted global crypto exchanges, provided both liquidity and compliance infrastructure to facilitate the transaction.
This partnership underscores the growing role of regulated platforms in enabling institutional BTC adoption, especially for publicly listed firms.
Growing Momentum Among Healthcare Innovators
Prenetics isn’t alone in exploring this path. Earlier this week, H100 Group, a Sweden-based health-tech firm, announced a 750 million kronor ($79 million) investment into Bitcoin, indicating that healthcare’s intersection with crypto is accelerating globally.
The wave of Bitcoin treasury adoption is expanding beyond tech and finance, entering sectors like healthcare and life sciences.
Strategic Implications: Bitcoin as Digital Gold for Health Corporates
By adopting a Bitcoin-first treasury approach, Prenetics aims to:
- Preserve purchasing power amid rising inflation and fiat devaluation
- Diversify its balance sheet using a non-correlated digital asset
- Position itself as a blockchain-healthcare pioneer
This move also aligns with broader trends in Web3 integration, where industries from finance to pharmaceuticals are exploring decentralized data systems and asset security.
Conclusion: A New Chapter for Digital Assets and Healthcare
Prenetics’ bold entry into Bitcoin marks a turning point for corporate treasury diversification in healthcare. The company’s strategic bet signals confidence in Bitcoin’s role as a store of value and technological catalyst.
With board backing for future BTC acquisitions and a vision rooted in both health and innovation, Prenetics is setting a powerful example for the next wave of blockchain-aligned enterprises.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss