TechFlow news, October 27 — According to CoinDesk, health tech company Prenetics (PRE) has completed an oversubscribed equity financing of $46.8 million, which will be used to expand its health brand IM8 globally and accelerate its Bitcoin treasury strategy. If all warrants are exercised, the total funding could reach $212 million. Investors include Kraken, Exodus, and others. The company plans to purchase one Bitcoin per day, aiming for $1 billion in revenue and Bitcoin holdings within five years. The IM8 brand achieved $100 million in annual recurring revenue in just 11 months.
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