The company aims to build one of the largest treasury in Bitcoin in the medical industry.
They will execute a long -term strategy with Bitcoin to obtain high yields.
PRENETICS Global Limited, a company in the Health Sciences Sector, announced the purchase of 187.42 Bitcoin (BTC) for an approximate value of USD 20 million.
The purchase was executed through a custody account of Exchange Kraken, at an average price of USD 106,712 for each bitcoin. According to him official statementThe company plans to expand its position in BTC with the intention of building one of the largest reserves in its industry.
Prednetics is a global health science company based in Hong Kong that is quoted in Nasdaq under the pre symbol. Its main approach is in genomics, personalized medicine and advanced diagnostic tests. Through own technologies and strategic associations, it offers solutions that cover from genetic tests to molecular diagnoses, with the objective of Facilitate more precise and preventive medical care.
The CEO of Prednetics, Danny Yeung, said the movement It responds to the convergence between medical innovation and Bitcoin technology. In their words, genomics, personalized medicine and digital assets will cross ways that “could revolutionize the way we address health, longevity and human wealth.”
The company’s Bitcoin initiative includes more than a reservation. Prednetics will assign most of the company’s balance to BTC, and will carry out conversations to the main financial institutions to develop a comprehensive long -term bitcoin acquisition plan.
They also plan to implement generation strategies for Maximize the yields of your Bitcoin holdings. Performance generation, strategic loans, collateralization and structured products is included.
They will also integrate Bitcoin operationally into their services. The direct platforms to the Consumer of Prednetics, IM8 Health and Circledna, will begin accepting payments in BTC, establishing a system where the use of this currency It will be present from the Treasury to transactions with users.
The company supports this initiative on a financial basis of more than USD 117 million in total liquidityof which USD 66 million correspond to cash reserves, without financial debt. By 2025, it is estimated that the income of the consumer health is located between USD 80 and 100 million. In addition, it has a 35% participation in Insightta, a company valued in USD 70 million according to a recent Tencentnt investment.
After the announcement of its purchase of Bitcoin, the shares of Prednetics rose 23%, reaching a price of USD 9.26 per unit, as can be seen in this graph:
Prednetics follows the trend marked by other companies that make up Bitcoin in their balances, a phenomenon identified as “Saylorization”, In reference to Michael Saylor, executive president of Strategy. The technological firm, which has almost 600,000 BTC in custody, has promoted this approach between Corporations that also see Bitcoin as a long -term reserve.
Within the same medical sector, Semler Scientific has also adopted a similar strategy, as reported by cryptootics. This company maintains in custody 4,449 Bitcoin, according to Bitcintreasuries data, which represents one of the largest corporate reserves within the field of health.
