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NEW: Prenetics, a supplement company which holds the 69th largest corporate Bitcoin treasury, announced Tuesday it has halted all Bitcoin purchases and will not pursue future acquisitions.

The company will retain its existing 510 BTC as a treasury reserve, while redirecting all capital toward scaling its IM8 health and longevity brand, including product innovation and international expansion.

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Discussion

Krp617 5d ago

Sounds like a company that still doest understand Bitcoin

Chad Lupkes 5d ago

It's a good decision to direct capital towards R&D to increase market share and product innovation. But they should be redirecting at least 1% of net revenues towards the global reserve asset.

MrTea 5d ago

Good for them. Use their capital to build shit and do something productive.