Share this article
David Beckham-Backed Prenetics Raises $48M to Advance Bitcoin Treasury
The health tech firm’s raise, backed by Kraken and Exodus, could bring proceeds to $216 million as it targets $1 billion in annual revenue and BTC holdings.
Updated Oct 28, 2025, 9:38 p.m. Published Oct 27, 2025, 1:28 p.m.
Make us preferred on Google
What to know:
- Prenetics (PRE) raised $48 million, potentially reaching $216 million if warrants are exercised.
- The round backs the rapid expansion of IM8, its health and welness brand, and its bitcoin accumulation strategy.
- David Beckham, an early equity partner and brand ambassador, remains a key figure as Prenetics pivots toward digital assets.
CORRECTION (Oct. 27, 14:35 UTC): Prenetics updated their numbers when the announcement was live - corrects the $46.8 million and $212 million to $48 million and $216 million respectively.
Prenetics (PRE), the health science company backed by David Beckham, has raised $48 million in an oversubscribed equity round to expand its wellness brand IM8 and advance its bitcoin treasury strategy.
Total proceeds could reach $216 million through warrant exercises, Prenetic said in an emailed announcement on Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The round included investors such as Kraken, Exodus (EXOD), GPTX and American Ventures.
CEO Danny Yeung said the funds will help IM8 — which hit $100 million in annual recurring revenue in 11 months — scale globally while accumulating 1 BTC daily toward a goal of $1 billion in both revenue and bitcoin within five years.
Prenetics joined a growing group of companies in the healthcare industry pursuing a bitcoin treasury earlier this year, making its first purchase in June.
At present, the Hong Kong-headquartered company hold 268.4 BTC ($30.9 million), according to Bitcoin Treasuries.
PRE shares traded nearly 15% lower in pre-market trading on Monday at $13.80.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Accelerating Convergence Between Traditional and On-Chain Finance in 2026?
Commissioned bySociete Generale-FORGE
More For You
Recapping Consensus Hong Kong
Crypto's role in payments for AI, regulatory changes and the digital asset market dominated conversations on the ground.
What to know:
- Speakers at CoinDesk's Consensus Hong Kong conference said crypto and stablecoins are likely to become the default payment tools for autonomous AI agents in an emerging "machine economy."
- Market participants warned that bitcoin, which has already dropped nearly $30,000 in a month, may fall further, with $50,000 seen as the level to watch.
- Hong Kong regulators are pressing ahead with crypto rules even as others wait to see how U.S. legislation develops.
Top Stories
