TechFlow news, December 30 — According to Businessinsider, NASDAQ-listed BTC treasury company Prenetics announced an update to its capital allocation strategy, ceasing its Bitcoin purchasing program and instead focusing on the development of its IM8 business.
Company management believes this strategic adjustment will better support its long-term growth objectives and create greater value for shareholders. This shift reflects a reassessment of the company's business priorities and its response to changing market conditions.
The company currently holds 510 bitcoins as financial reserve assets and has over $70 million in cash and cash equivalents, with zero debt.
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