TLDR:
- Prenetics closed a $48M oversubscribed funding round led by Dominari Securities to scale IM8’s global growth.
- Investors include Kraken, Exodus, GPTX by Jihan Wu, and DL Holdings, aligning IM8 with Bitcoin strategy.
- IM8 reached $100M annual recurring revenue in under a year, projecting $200M by 2026.
- Prenetics plans to reach $1B revenue and $1B in Bitcoin holdings within five years.
A major funding move has reshaped Prenetics’ roadmap. The company secured $48 million through an oversubscribed equity offering, signaling confidence from crypto and institutional investors.
Backers include Kraken, Exodus, GPTX by Jihan Wu, and others tied to digital assets and finance. The raise marks a key step in Prenetics’ plan to expand its IM8 brand while building a Bitcoin treasury.
According to the company’s press release, the total proceeds could reach $216 million if all warrants are exercised.
IM8 Expansion Tied to Bitcoin Treasury Strategy
Prenetics said the new capital will fuel IM8’s international rollout while supporting its daily Bitcoin accumulation plan.
The company began buying one Bitcoin per day in August 2025 as part of a broader treasury strategy. Following the offering, Prenetics will hold around $100 million in cash and 275 BTC, valued near $31 million, giving it $131 million in total liquidity.
IM8, launched less than a year ago, hit $100 million in annual recurring revenue within eleven months. Prenetics forecasted 2026 revenue between $160 million and $200 million as subscriptions now account for 80% of new sales.
The company said IM8 has processed over 420,000 orders across 31 countries, driven by rising demand for its premium supplement lines.
CEO Danny Yeung called the fundraise a defining moment, noting that investors’ confidence supports the dual focus on health innovation and digital asset accumulation. Prenetics is also reviewing its other business units for possible divestment to center resources on IM8 and its BTC holdings.
The company’s long-term goal targets $1 billion in annual revenue and an equivalent $1 billion in Bitcoin within five years. Yeung said that vision aligns with growing interest in Bitcoin among corporate treasuries.
Institutional Backing from Crypto and Finance Leaders
The $48 million offering attracted a diverse group of strategic investors.
According to the release, Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and American Ventures joined the round. Their combined expertise in blockchain, AI, and digital asset management aligns closely with Prenetics’ evolving model.
Kraken’s involvement signals potential integrations between IM8’s consumer products and crypto payment ecosystems. Jihan Wu’s GPTX offers infrastructure experience that could shape Prenetics’ Bitcoin acquisition and custody approach.
Meanwhile, DL Holdings’ presence adds institutional weight, reflecting broader investor interest in health-tech firms embracing crypto strategies.
Other high-profile investors include world tennis champion Aryna Sabalenka and Hong Kong entrepreneur Adrian Cheng, both expanding their stakes in Prenetics. The company said their participation reinforces the brand’s appeal to both global investors and cultural figures.
Dominari Securities acted as the sole placement agent for the offering, which is expected to close around October 28, 2025, pending standard conditions.