Prenetics Raises $48M to Expand Wellness and Bitcoin Treasury Plans

Hong Kong-based health sciences company Prenetics has raised $48 million in an oversubscribed equity round to expand its wellness brand IM8 and advance its Bitcoin treasury strategy, with total proceeds potentially reaching $216 million through warrant exercises. IM8, which focuses on supplements supporting energy, recovery, and long-term health, achieved $100 million in annual recurring revenue just 11 months after launch and aims for $180–$200 million in 2026. Prenetics has adopted a disciplined Bitcoin accumulation plan, purchasing one Bitcoin per day since mid-2025 and currently holds approximately 268–275 BTC valued at around $31 million, targeting $1 billion in both annual revenue and Bitcoin holdings within five years. The funding round attracted prominent investors including crypto platforms Kraken, Exodus, GPTX, American Ventures, and high-profile backers such as David Beckham, Aryna Sabalenka, and Adrian Cheng. CEO Danny Yeung emphasized the company's dual focus on scaling the IM8 wellness business globally while building a significant Bitcoin treasury. This strategy reflects growing interest in combining health technology with cryptocurrency assets to drive company growth and innovation.