US-listed BTC treasury company Prenetics announces suspension of Bitcoin purchase plan, currently holds 510 BTC
According to TechFlow, on December 30, as reported by Businessinsider, US-listed BTC treasury company Prenetics announced an update to its capital allocation strategy, stating it will halt its bitcoin purchasing plan and instead focus on the development of its IM8 business.
The company’s management believes that this strategic adjustment will better support its long-term development goals and create greater value for shareholders. This strategic shift reflects the company’s reassessment of its business priorities and its response to changes in the market environment.
Currently, the company holds 510 bitcoins as financial reserve assets and possesses over $70 million in cash and cash equivalents, while maintaining a zero-debt status.
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