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0 -0.006333122229259 -0.0158328055731476 -0.0170994300189993 -0.025965801139962 -0.0128182393920203 -0.0363711209626346 -0.0367321089297023
Stock impact report

David Beckham-Backed Health Sciences Company Kills Bitcoin Treasury Plan [Yahoo! Finance]

Prenetics Global Limited - Class A Ordinary Share (PRE) 
Company Research Source: Yahoo! Finance
Health Sciences company Prenetics Global Ltd. (NASDAQ: PRE ) has said it is abandoning its Bitcoin treasury strategy. The David Beckham -backed company on Dec. 30 said it would no longer acquire Bitcoin and would instead focus on its supplement brand IM8. It cited the rapid growth of IM8, which it said had reached $100 million in annualized recurring revenue in just 11 months. Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share Missed the AI Boom's Biggest IPOs? This Platform Lets Everyday Investors Access Private Tech Early “The phenomenal success of IM8 has exceeded all expectations and scaled much faster than our original expectations,” Prenectics CEO Danny Yeung said in a statement. “Our Board and management team unanimously agreed that the most promising path to creating significant, sustainable shareholder value is to devote our undivided attention to this once-in-a-generation opportunity clearl Show less Read more
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