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NASDAQ-listed company Prenetics has invested $20 million to purchase Bitcoin.
Gate News bot news, Nasdaq-listed health sciences company Prenetics Global announced the purchase of $20 million worth of Bitcoin, becoming the latest company to join the corporate Bitcoin accumulation race.
The company claims to be the first healthcare company to establish a Bitcoin financial reserve, having purchased 187.42 Bit at an average price of approximately $106,712. Earlier, the company divested ACT Genomics on Wednesday, which increased Prenetics’ total cash, Bit, and short-term assets to about $117 million, enabling it to implement a comprehensive Bitcoin strategy.
Source: The Block