Health sciences firm Prenetics raises $48M, accelerating its plan to achieve $1 billion in Bitcoin holdings alongside its fast-growing IM8 supplement brand.
Prenetics Global, a Nasdaq-listed health sciences company, has successfully secured a significant capital raise. The firm announced that it has closed an oversubscribed equity round totalling $48 million. As a result, the funds will help in two important strategic objectives right away. First, it will help the company advance the Bitcoin treasury strategy considerably faster. Second, it will roll out its supplement brand, IM8, on a global basis.
Crypto Giants Back Prenetics’ Dual-Engine Growth Strategy
Furthermore, the most recent offering brought in a group of prominent investors. The list consisted of numerous famous crypto-based firms now. These participants included Kraken and Exodus directly. On top of that, GPTX by Jihan Wu and DL Holdings invested as well. This backing makes the company’s gutsy “dual-engine strategy” a lot more valid. The gross proceeds are expected to be about $48 million in total.
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Moreover, the offering was a double warrant structure for investors now. The Class A warrant is exercisable at an easily exercisable price of $24.12 per share. The Class B warrant is exercisable for $32.16 a share instead. Both warrants are immediately exercisable and expire in 5 years total. If all the warrants are exercised to the full, the total proceeds can reach $216 million eventually.
This was a defining moment, said Yeung, the company’s spokesperson. In just 11 months, IM8 had $100 million a year in recurring revenue now. This is the fastest growth that has been recorded in the supplement industry ever, in quick succession. He stated this positions the brand for a multi-billion-dollar global future easily. The success points out IM8’s huge potential in the market effectively.
The IM8 brand, co-founded with Beckham, is doing better than expected now. It is estimated to provide revenues to the tune of $160 million to $200 million in 2026. This performance is very strong, proving that the attention to the consumer market is absolutely correct. The global supplements market would reach $704 billion by 2030, eventually. Therefore, IM8 is seeking a huge share in this giant sector now. This gives a good commercial foundation as a whole.
Health Firm Prenetics Aims for $1B Bitcoin Treasury in Five Years
Significantly, Prenetics has set itself a very ambitious long-term goal now. The goal is to achieve $1 billion of yearly revenue without a sweat. At the same time, the company is aiming for $1 billion in Bitcoin holdings as well. This dual ambition is aimed at achieving for the next five years.
This latest investment will bring a huge acceleration to the Bitcoin treasury initiatives. It comes with the potential to accelerate the daily 1BTC accumulation strategy now. The strategic investors share confidence in this transformative potential to its full. Their knowledge will prove invaluable to both brand expansion and disciplined Bitcoin amassing now.
To maximize the value of its shareholders, the company has now started a strategic review. This review covers other business units within Prenetics specifically. The intention behind this is to completely divest these non-core business assets. Management believes that this focus will be accretive to shareholders overall. It permits the company to devote all resources to the IM8 opportunity with ease.
Ultimately, this $48 million raise is a strong validation of the direction of the company. It validates the fact that investors can see value in the alliance of health sciences with Bitcoin. The combination of seeing the rapid growth of a brand and building a treasury is innovative now. This move makes Prenetics a first-mover company that is pioneering the globe. It takes advantage of the best of both the consumer and digital asset economy. The market will watch the progress of IM8 and BTC treasury closely now.
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