PANews reported on December 30th that, according to Markets Insider, Prenetics (NASDAQ: PRE) announced it will cease daily Bitcoin purchases starting December 4thPANews reported on December 30th that, according to Markets Insider, Prenetics (NASDAQ: PRE) announced it will cease daily Bitcoin purchases starting December 4th
Prenetics halts Bitcoin acquisitions, shifts capital and strategic focus to IM8
PANews reported on December 30th that, according to Markets Insider, Prenetics (NASDAQ: PRE) announced it will cease daily Bitcoin purchases starting December 4th and will not make any further BTC acquisitions. It currently holds 510 BTC, over $70 million in cash equivalents, and has zero debt. The company will focus its capital on its consumer health brand IM8 for product development, brand building, talent acquisition, and international expansion. IM8 achieved over $100 million in annualized revenue within 11 months of its launch, and management projects FY2026 revenue to reach $180 million to $200 million. The board has approved using the existing BTC as financial reserves and will not make any new allocations.
Market Opportunity
Notcoin Price(NOT)
$0.0005182
$0.0005182$0.0005182
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
CME Group to launch options on XRP and SOL futures
The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Why losing THIS support could drag XRP toward $1
The post Why losing THIS support could drag XRP toward $1 appeared on BitcoinEthereumNews.com. Rising activity clashes with weakening momentum as XRP price struggles
Share
BitcoinEthereumNews2025/12/31 03:24
Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market
TLDR Chris Burniske predicts that price flows will start driving crypto market narratives. Burniske foresees underperforming cryptocurrencies gaining more attention. Coinbase predicts growth in Q4 2025 driven by positive macroeconomic factors. Tom Lee suggests Bitcoin and Ethereum could benefit from potential Fed rate cuts. A major shift is looming in the cryptocurrency market, according to [...] The post Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:17