{"id":18943,"date":"2025-12-30T22:13:05","date_gmt":"2025-12-30T22:13:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/david-beckham-backed-prenetics-ceases-bitcoin-purchases-to-focus-on-im8\/"},"modified":"2025-12-30T22:13:14","modified_gmt":"2025-12-30T22:13:14","slug":"david-beckham-backed-prenetics-ceases-bitcoin-purchases-to-focus-on-im8","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/david-beckham-backed-prenetics-ceases-bitcoin-purchases-to-focus-on-im8\/","title":{"rendered":"David Beckham-backed Prenetics ceases Bitcoin purchases to focus on IM8"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In October, Prenetics Global Ltd. acquired 100 Bitcoin at an average price of $109,594 per coin, marking a major step in the company\u2019s disciplined Bitcoin treasury strategy. <\/p>\n<p>Two months later, the David Beckham-backed health-sciences company is changing course. <\/p>\n<p>According to a Tuesday press release, Prenetics will no longer buy Bitcoin. Instead, it will maintain its existing Bitcoin holdings of 510 BTC as a treasury reserve asset.<\/p>\n<p>The October purchase represented the initial deployment of proceeds from its $44 million equity offering, and attracted prominent investors including Kraken, Exodus, GPTX, XtalPi, DL Holdings, and tennis star Aryna Sabalenka.<\/p>\n<p>At the time, CEO Danny Yeung touted that the firm was debt free and its Bitcoin acquisition aligned with Prenetics\u2019 \u201cdual-engine strategy,\u201d combining health innovation with digital asset management.<\/p>\n<p>Prior to its latest decision, Prenetics \u2014 known for its supplement brand IM8 \u2014 was averaging 1 BTC per day in addition to strategic larger purchases when market conditions were favorable.<\/p>\n<p>Beckham firm became a strategic investor in Prenetics in July 2024.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In October, Prenetics Global Ltd. acquired 100 Bitcoin at an average price of $109,594 per coin, marking a major step in the company\u2019s disciplined Bitcoin treasury strategy. Two months later,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18943"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18943\/revisions"}],"predecessor-version":[{"id":18944,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18943\/revisions\/18944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8755"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}