NASDAQ-listed company 'Prenetics' surges 23% on news of large-scale Bitcoin purchase
Heecheol Yang
Summary
- It was reported that Prenetics' stock price surged nearly 23%% on the news of its large-scale purchase of Bitcoin.
- Prenetics announced that it purchased a total of $20 million worth of Bitcoin at an average price of $106,712 per coin.
- Prenetics suggested the strengthening of its Web3 strategy by appointing former OKX COO Andy Chung to the board.
Prenetics, which has received investment from David Beckham, became the first healthcare company listed on NASDAQ to purchase a significant amount of Bitcoin. Following this news, Prenetics' stock price surged nearly 23%.
According to BeInCrypto on the 20th (local time), on the 18th, Prenetics purchased Bitcoin worth a total of $20 million at an average price of $106,712 (USD) per coin. Additionally, by appointing Andy Chung, former COO of OKX, to the board of directors, the company indicated plans to build a long-term Web3 strategy.
As of 3 p.m. that day (Investing.com), Prenetics' stock was trading at $9.26, up 23.3% compared to the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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