Prenetics Raises $46.8M in Oversubscribed Round to Expand IM8 and Build a Bitcoin Treasury with 1 BTC Daily

COINOTAG News, citing Coindesk on October 27, reported that Prenetics (PRE) completed a $46.8 million oversubscribed equity financing round. The U.S.-listed health‑tech firm plans to deploy the proceeds to scale its IM8 health brand globally and accelerate a Bitcoin treasury strategy, with warrants potentially lifting total funding to about $212 million. Notable backers include crypto platforms Kraken and Exodus, underscoring strategic alignment between health tech and digital asset governance.

The company has signaled an operational plan to purchase one Bitcoin daily as part of its treasury build, aiming for a five‑year horizon to reach roughly $1 billion in revenue and establish a meaningful Bitcoin holding. IM8 has already generated about $100 million in annual recurring revenue within 11 months, reflecting rapid brand monetization and potential cross‑sell synergy with a broader crypto‑enabled strategy.

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