U.S.-based healthcare firm Prenetics has invested a total of $20 million in Bitcoin, as per an exclusive BeInCrypto news report. Former footballer David Beckham is closely associated with the project as he is a co-founder who strategically invested in Prenetics in 2024. This is supposedly the first time a healthcare firm has decided to buy Bitcoin.
The share price of Prenetics saw a spike of 23% post the announcement, with the company planning more in the Web3 space.
Source: Google Finance
Prenetics joins a growing group of companies that have decided to take the plunge and invest in digital assets. Some companies have even opted for a Bitcoin treasury strategy, buying Bitcoin regularly in bulk, such as Strategy and Metaplanet.
“What excites me most is not just Bitcoin as a treasury asset, but the convergence we’re witnessing between healthcare innovation and blockchain technology. We’re at the dawn of a new era where genomics, personalized medicine, and digital assets will intersect in ways that could revolutionize how we approach human health, longevity and wealth,” said Danny Yeung, the CEO of Prenetics.
While Prenetics has experienced positive price growth over a time frame of a year, the healthcare firm has dipped by 92.06% over the past 5 years. The stock was trading at a price of $9.26 per share at the time of reporting.
Source: Google Finance