The crypto market has significantly expanded over the years as several sectors seek to acquire BTC as a reserve asset. Prenetics Global Limited, a leading health sciences company, has announced the creation of a Bitcoin treasury. The move comes as several sectors are now adding bitcoin (BTC) as their core assets.
The firm revealed that it is the first healthcare company to dive into the Bitcoin treasury business following a 187.42 BTC purchase, valued at approximately $20 million. The crypto asset was purchased at an average of $106,712 per bitcoin through a Kraken custody account.
Prenetics Creates a Bitcoin Reserve
Notably, the CEO of Prenetics, Danny Yeung, noted that the execution of the latest purchase requires the accumulation of substantial BTC holdings, which justifies the initiative to establish a Bitcoin reserve within the healthcare sector.
“What excites me most is the convergence we’re witnessing between healthcare innovation and blockchain technology. We’re at the dawn of a new era where genomics, personalized medicine, and digital assets will intersect in ways that could revolutionize how we approach human health, longevity, and wealth. To execute this vision at scale, we need substantial Bitcoin holdings – which is why we’re building one of the most significant Bitcoin treasuries in healthcare,” Young said.
To develop a comprehensive long-term BTC acquisition plan, the company is actively in talks with several leading financial institutions. In addition to holding bitcoin, Prenetics will employ advanced, alpha-generating strategies to optimize returns on its assets. This also includes yield generation, strategic lending, collateralization, and structured financial products.
The healthcare company plans to incorporate crypto payments as a transaction medium, which will be utilized across its direct-to-consumer platform. This includes IM8 Health and CircleDNA, developing a seamless Bitcoin ecosystem from treasury to operations.
Prenetics Appoints Ex-OKEx COO for Board Role
Prenetics also disclosed that it has appointed Andy Cheung, former COO of OKEx and current Co-Founder and CEO of both OEX and PredicXion, as one of its board of directors. According to the announcement, the OEX executive brings a decade of experience and expertise in crypto exchange operations to the company.
“I’m incredibly excited about the opportunity to contribute my crypto expertise to this pioneering healthcare Bitcoin strategy. I already have numerous ideas on accumulation strategies and alpha-generating approaches that can significantly outperform simple buy-and-hold tactics,” Cheung said.
Moreover, Young noted that Cheung has executed single-day BTC transactions surpassing the lifetime holdings of most Fortune 500 companies, demonstrating his passion and dedication to crypto. Driven by remarkable business achievements, Prenetics is developing a Bitcoin treasury strategy aimed at shaping the future of healthcare finance.
Get Trending Crypto News as It Happens. Follow CoinTab News on X (Twitter) Now
Ephraim Emmanuel | April 16, 2026
Faith | April 15, 2026
Mishael Nwani | April 15, 2026
