The premise is that the first healthcare company purchased Bitcoin Treasury strategy for $20 million
Health science company Prenetics Global Limited announced today that it has purchased $20 million worth of Bitcoin as part of a newly approved company fiscal strategy. The company acquired 187.42 BTC at an average price of $106,712 and said its board of directors has approved the allocation of most of its $117 million balance sheet to Bitcoin.
This is after the company’s strategic transfer of ownership of the ACT genome, increasing its Pro-Forma cash to approximately $66 million and increasing the total assets of current assets, including BTC and short-term holdings, to $117 million.
“We strengthened the balance sheet with $117 million in cash, BTC and short-term assets, and we now have the financial foundation of pioneering innovative approaches to fiscal management, including our historic Bitcoin library strategy,” said Danny Yeung, CEO of Danny Yeung, said.
Preprocessing also announced the appointment of Andy Cheung, former COO of cryptocurrency exchange Okex, to the board. Zhang noted that the company’s Bitcoin strategy will use tools such as derivatives and structured products, including active treasury management.
“It has nothing to do with passive Bitcoin storage,” Zhang said. “We are talking about dynamic financial management using derivatives, earnings strategies and institutional trading techniques.”
The preprocessing program expands its Bitcoin holdings through institutional capital partnerships and implements advanced returns strategies. It also plans to accept Bitcoin payments in direct payments to consumer platforms including IM8 Health and Circledna.
In addition to Cheung, the company has partnered with two industry consultants, Kraken’s chief of staff Tracy Hoyos Lopez and board members of the Bitcoin advocacy project, and Raphael Strauch, founder of Crypto Conference Token2049.
“It’s not a short-term gaming or a market-time decision,” Yeung said. “We are implementing a comprehensive long-term Bitcoin strategy that we think will fundamentally change the value proposition of our company.”
The Pre-Electronics report said recent growth was strong, including an annual revenue growth of 336.5% in the first quarter of 2025. It now operates three consumer health brands and maintains a free DEB free balance sheet.
The preprocessing strategy shows the huge growth and potential of Bitcoin. But this time, it comes from the healthcare field.
