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0 -0.0137795275590552 -0.0137795275590552 -0.0137795275590552 -0.00196850393700783 -0.00196850393700783 -0.00590551181102367 0.00393700787401584
Stock impact report

Footballer David Beckham-Backed Healthcare Firm Will no Longer Buy Bitcoin [Yahoo! Finance]

ETHZilla Corporation (ETHZ) 
Company Research Source: Yahoo! Finance
With an existing stash of 510 BTC, worth $45 million, and other cash equivalents, the company's focus has pivoted to a nutrition supplement brand, IM8. Announced on Tuesday, Prenetics' Board has unanimously agreed that the “most promising” way to create sustainable shareholder value is to devote to a “once-in-a-generation” brand like IM8. “Operating from a position of strength, we are making disciplined strategic decisions that reflect our experience as operators and our commitment to maximizing long-term shareholder value,” said CEO Danny Yeung. Prenetics started its “1 BTC per day” treasury plan on August 1, accumulating a position of about 275 BTC, worth roughly $31 million as of October 27. In October, the Nasdaq-listed firm, which counts David Beckham among its shareholders, raised $48 million in an oversubscribed equity round to purchase more Bitcoin. At the time, Prenetics' long-term goal was to reach $1 billion in Bitcoin holdings within five years. Besides, the IM Show less Read more
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