Bitcoin Forum

According to the news this company is the first to acquire bitcoin, they are also planning in the future to accept crypto payment, aside from that they also assign a former okex coo andy cheung to lead on this.
Who is Prenetics? they are health science company, they specialized in early detection of disease , prevent, and treatment, and cancer diagnosis, they were founded in 2014 and they also list on nasdaq.
they are a company with headquarters in hongkong and also operates in US
What can you say about this move? and what would be the effect globally?

Here is the link of the news:
https://www.globenewswire.com/news-release/2025/06/18/3101472/0/en/Prenetics-Becomes-First-Healthcare-Company-to-Execute-Aggressive-Bitcoin-Treasury-Strategy-Secures-20M-in-BTC-Appoints-Former-OKEx-COO-to-Board.html

^ Good job, I guess?

The head of the directors had the influence to push for something new, and he did, probably.

A lot of those companies are beginning to diversify into digital assets and Bitcoin is at the center of the diversification, who don't want to benefit from the several advantages of Bitcoin in the long term.


In some years to come, this company is going to be ranked among the early companies to buy Bitcoin from their reserves.

And this sounds like an excellent plan to ensure there are enough funds in the future.  For a health science company, this is a really smart move.  I am not going to hype this up as a 'I hope they hold to oblivion' because I know they WILL have to sell in the future, just like Micro Strategy will.

At the end of the day, Saylor has recently been purchasing Bitcoin as often as I purchase my groceries.  It would have been dubious if nobody else had a growing interest and took a similar path by investing in Bitcoin as well.

Only if they will continue what they do.

We will see about that.

The stance of the US president and the hearing of the US states in making Bitcoin reserver and the approval of some of it states had influenced the Bitcoin accumulation of private companies and institutions greatly.  Although Microstrategy had pioneered the movement, it is the news about US getting into Bitcoin by having a Bitcoin reserve had boost the Bitcoin  institutional FOMO and influenced politicians, businessmen, entrepreneur and other wealthy people to look into Bitcoin and invest in it.


That is if Bitcoin value continues to go up, these companies may experience a roller coaster ride since the Bitcoin market is still a highly volatile market.  Let us see who has the capacity to withstand the bear market and continue to accumulate despite their holdings' value dwindling down during the absent of the bullish sentiment.

Some will surely fall off down the line: they need to understand that to see green, they need to see red too, on a big and small scale alike.

Maybe because Donald Trump has accepted bitcoin then some institutions do it where they acquire bitcoin... this is definitely a good move and we are happy to hear that institutions are starting to move towards bitcoin especially as a means of payment there is still the possibility that other private institutions will follow suit.

The global impact does not seem to be... this is still valid in the US while other countries and institutions that are not in the US are still unable to adopt bitcoin.

If that's what they want to do, then good, we all are bitcoiners, so buying BTC can almost never be wrong in our eyes, except with borrowed funds or things like that. Everyday it is a new company, country or institution acquiring BTC, it is not bad at all for adoption and this would surely lead to an overall reduction in volatility levels and reflect on how quickly the price of BTC recovers from a fall in price.

A company acquiring and accepting crypto as payment for the services they offer is definitely a good sign.. it’s positive news. And the fact that the company is listed on Nasdaq makes it even better. This is the kind of development we want to see: companies that not only accumulate Bitcoin but also accept it as payment. That’s what drives real adoption.

I'm sure more companies will follow and enter the crypto market soon. It likely adds more value to the business, especially if it's publicly listed on platforms like Nasdaq .

I always received this type of news with a lot of happiness and optimism for ripple effect it is going to have on the other organizations which are in the same industry. I am thinking of the competitive advantage they will have over the others. And if they do well in the next one year and people including their competitors see their end of year financial report which improved because of this move, then they will acquire Bitcoin too. This is the healthcare sector, next will be the agro sector.

Bitcoin is diversifying more into other sectors and not just on the tech sector only, which it is known for since its inception. Seeing bold moves from this companies bring a brim of more hope to bitcoin investors because it shows a positive sign that the investment will not be massively invested into by this big companies without them having a brighter future for it. Bitcoin will become a competition to this big companies in the future, those getting in now will enjoy the ride more because Bitcoin will become worth more than what they’re buying it now.

That's as good as it's bad: would the end of volatility on BTC be more good than bad going forward? I think yes, it would make BTC better for the adoption of it as for usage for different services and such, but for people seeing it only as an investment, it would be their bane.

It seems we hear news about companies buying Bitcoin every week. I recently saw the news that the French Football club Paris Saint-Germain F.C (https://www.cryptotimes.io/2025/05/30/bitcoin-scores-big-paris-saint-germain-makes-history-with-btc-buy/) was buying Bitcoin as a strategic reserve. Just hoping that these companies have good plans on how to manage these assets. They should be aware there there might be a time when the price will depreciate and shareholders might begin to experience FUD. Anyway seeing these companies invest in Bitcoin is a sign that Bitcoin is penetrating into diverse fields.

Yeah, I already imagine cases of lost cause for said shareholders because they wouldn't understand why there are such dips on what they got their hands on, and hopefully, they will pull through and see the brighter side of things 8)

The health science company that they have accepted Bitcoin and bought Bitcoin, it was not a wrong decision at all and they did not take any wrong steps. Moreover, they are not the first, many countries and many companies have accepted Bitcoin and introduced it as a payment. If there was any doubt about Bitcoin or if any other country or any company did not accept Bitcoin, then there would be some doubt in that case since Bitcoin has now reached the peak of popularity and is planning to keep it in strategic reserves in banks in different countries, so the decision of the health science company to accept Bitcoin and introduce payments has been absolutely perfect.

Sooner or later, institutions and companies in every sector of the world will invest in bitcoin, it is inevitable. These types of news will soon become normal and no longer noteworthy as bitcoin has entered a new era. We already have bitcoin ETFs, strategic bitcoin reserves...so it's no longer surprising that some organizations or companies are buying bitcoin.

If we are still concerned about who is buying bitcoin, then the names we should be more concerned about are Microsoft, Apple or Google…they are the world's leading companies and so far, they have kept quiet about getting involved in bitcoin.

They were trying to do something as far as I remember, but they turned the ideas regarding it off, or into the drawers, so to speak: I agree that we need to look after them too, but for now, any company going in is a good news.

It is a move in the right direction, buying Bitcoin is a very wise business decision, hold it for profit while doing you normal business, institutions like Microstrategy has opened the door for many establishments to get in. It will also be a plus for them when they start to accept Bitcoin as payment, it will help to boost their reserve. People and institutions that are not accumulating and holding now will miss out in the future because it will make all the people, companies and governments that are holding now till then richer. The rate of Bitcoin adoption from retail to government levels are on the increase, everytime we hear positive news about holding Bitcoin it's value increases.

They not only plan to acquire Bitcoin, they also plan to extend their Bitcoin strategy beyond treasury holdings by integrating Bitcoin payments. There is a thing that I don't like about Bitcoin adoption and it's regulations and KYC requirements but I see that now massive Bitcoin adoption is inevitable, so are the regulations, so let's see the positive. MicroStrategy recently acquired more Bitcoins, then another similar company appears and follows their strategy, then the first healthcare company acquires Bitcoins and all of these happen when the price of 1 Bitcoin is 100K. This is just the beginning and a clear message that the game has just started. Lots of companies will buy lots of Bitcoins, now is the time to hold tight.

Good step forward. Good deviation from the usual tech or finance companies we are hearing that are buying bitcoin, using bitcoin and offering bitcoin. This is proof that bitcoin can and should be used anywhere in any sector.
Hopefully this inspires other companies not only from fintech sector but also from health industry and others.

MicroStrategy has definitely opened the eyes of these private companies to bitcoin benefits. Now some of them  they don't want to continue to be left behind in the strategic adoption of bitcoin as a diversified asset to their treasury.

Anyone coming in now is still not late in as much as the projection is towards a long term trajectory. They'll definitely have themselves to thank in the next decade for this decision they have taken on bitcoin investment.

I don't see anything extraordinary in the news. To begin with, it is not the first to acquire bitcoin, far from it, but if we understand that it is the first in this sector to acquire it, it is either false or it is in a grey area, since Semler Scientific has been buying it for a long time. So, good for another company that joins but I do not see anything special.

I did a small research and as it seems, Prenetics was the company behind Premier League's Covid testing program. Also, the member of their Elite Advisory Team is the person who lead Trump's shift to adopting crypto as a campaign strategy.
This is very interesting. Bitcoin is really becoming an asset and this is just the beginning. As I see, now there is a competition between companies. Now Prenetics became the first healthcare company to acquire Bitcoins and establish a Bitcoin reserve strategy. Soon there will pop up other companies from different niches who will try to write the history and be the first in their own niche to invest in Bitcoin. Then other companies will finally start moving and invest in Bitcoins. Soon, lots of companies will create Bitcoin reserves, I'm 100 confident into this!

This is a welcome development as this type of move are good a generally show that the company involved is thinking of tomorrow because obviously Bitcoin is the next phase of the financial sector so any company that is future minded will think crypto and find a way to incorporate it into their company so this company which is into health services is doing the right thing as it's setting the companies future on the right track.



Over time alot of companies and even countries are beginning to realize that Bitcoin is an inevitable part of the financial sector as any business that is not aligning itself with Bitcoin is definitely going to lose out on the opportunities that Bitcoin offers Bitcoin is so most most progressive companies like this one has put Bitcoin as part of their payment system it can receive Bitcoin as part of payment

This is not new to me, I read this somewhere before, a local hospital accepts Bitcoin payments.
Nevertheless, this is good news, another instance of Bitcoin adoption means that the chances of Bitcoin becoming popular increase.  
The real goal of Bitcoin has been achieved as a means of payment.

So my question is, how long have they been acquiring Bitcoin since they claimed to be the first company to accept it? Are they just now realizing they should accept Bitcoin as a payment method, or was it merely a plan?

It's welcoming news indeed, as we have seen different industry and sectors are seeing what Bitcoin can do for them, that is to make a lot of profits in the future. And most likely their heads doesn't want to be losing the battle right now. They could have competitors who might be also thinking the same. And so they want to be the prime mover in the health care industry to invest and acquire Bitcoin.


It was the design in the beginning, as Bitcoin is a mode of payment. Although it undergoes several transformation like it become a sound money and then hedge against inflation and safe haven during the pandemic, the core of Bitcoin still remains and now we might be moving to a new era as almost all companies and industries are looking at Bitcoin as a reserved currency.

Absolutely. While this could be something new for a healthcare provider, but bitcoin accumulation isn’t something new for other big companies like what Michael Saylor had founded. So it only takes for someone who will lead in bitcoin acquisition, and for sure the rest will follow.

Pushing bitcoin as a payment system is also a great move. That will certainly provide more convenience to those bitcoin owners who also wish to access their healthcare service through bitcoin payment.

It’s a wise move by them, Bitcoin has performed incredibly well over the last 15 years. It makes sense for a company with large cash reserves to want to buy an asset that doesn’t get melted by inflation. They’re not the first & they most certainly will not be the last to adopt Bitcoin.

Absolutely More companies are starting to see the long-term value of Bitcoin and are diversifying into digital assets. Those getting in now will likely be seen as early movers in the future. Holding Bitcoin in reserves could prove to be a visionary decision as adoption grows and the financial landscape continues to evolve.

The most interesting thing is that the accumulation of bitcoin is spreading into other sectors apart from the tech side. I didn't expect this will happen very fast. Or is it because we are in the bull run which has convinced more companies to diversify into bitcoin in order to safeguard their funds from inflation. More bitcoin reserves will be created overtime because bitcoin is a store of value for long term.

Not only just an investment, but they will also integrate cryptocurrency payments into their system which is a good thing, and we all should appreciate it, because it is not an easy decision and only companies that understand the potential of Bitcoin can do it. What this company does may not have a significant impact globally, but with one more company investing and empowering Bitcoin, hopefully it can be a motivation for other companies to follow in their footsteps to invest in Bitcoin, which can further boost the adoption and price of Bitcoin in the future, which is a very positive thing for all of us.

Sounds good - sure, but if bitcoin adoption as a means of payment reaches a global level then it will likely only make its price volatility lower. Bitcoin's annual returns could decline as adoption of payments grows - which is quite logical to me especially if bitcoin's dominance as a currency or means of payment is higher than that of investments.

But still - the adoption of bitcoin as a global payment tool will not come easily because it still clashes with the regulations of many world governments. The growth of adoption in the company sector may trigger the growth of adoption in various other areas - but governments will not immediately adopt it just because of this.

Positive news will always come and this is what we have to realize because they realize that if they adopt Bitcoin as an alternative payment or buy as a reserve, it can give good returns in the long run, it is not really surprising news but it can be motivating because we know it will happen slowly. Bitcoin will be the best asset that can really store value and also be resistant to inflation and this is what makes those who are finally involved.

That's a great news and hope they start accepting payments in crypto. The more places we have BTC payments accepted, the bigger adoption and eventually the higher price. I heard in other news that Uber might start accepting crypto payments soon. So we can clearly see the adoption is increasing and there are still countless sectors where BTC is yet to make it's mark. I hope dominos, amazon, walmart they all start accepting bitcoins too because just imagine the user base they have and the hike in number of users it will cause!

If things stay on track and more websites/stores start accepting bitcoins, we might see a new ATH soon and by some margin!

This is a good news for healthcare industry as they headstart the adoption of bitcoin and blockchain technology. By adopting cryptocurrency payments, they made it easy for their customers to pay. An overseas relative of a patient can help quickly since crypto transactions are much faster compared to traditional channels like remittance or bank.

If their initiative goes well, more healthcare institutions might start adopting too in the near future. This is a win-win situation for bitcoin. As adoption grows, price will definitely increase and the stigma of bitcoin being used in illegal activites will disappear.

   These days many companies are trying to divert their investment into holding digital assets like bitcoin which is the main digital assets they try acquiring.
  Well what will determine their status and rank will be their board of directors because they are the ones that will continue or stop the whole process which will affect the organization holdings.
 
  That was a bold step taken by them and hope they benefit from that in the future.

Companies are stepping out because they want to be the first ones to get a good chunk of the potential of BTC, they see reasons they would profit from it - and they execute their plans accordingly.

Some slower, some faster, but they all do think about it.

Good Idea I see, this is going to avail the health care company an edge away from.whats really applicable with what people out there are using as their conventional payment system, the regional barrier will at some point be broken because they accept a different form of payments which is crypto payments. They are also going  to have a reserve that will help them escape bankruptcy incase they run into situations that is about getting them into such while running the business.  Other health care companies can see to adopting this to boost their business and allow for improved payments flexibility while doing business with them. The one thing they will not to do for a smooth flow of this crypto payments system is to look for processors to help them facilitate all of this.

I came across the news earlier last week. The Prenetics healthcare organizations was said to set top leading health organization in bitcoin investment. No related organization has made this history that is why they got the vision of taking lead in the healthcare horizon of adopting bitcoin.
Even as their first time experience, they were able to acquire 187.42 bitcoin at the rate of $106,712 with a total of $20M total invested.
Quite interesting that they were not even bothered with the entry price they bought because some would hold on for the dip before the can buy.
We should not be surprised because the formal Coo of OKEx Andy Cheung is the board director piloting the dynamics of the innovation.

A great move for them and I’m glad to see that other sectors of the economy are already queuing into the idea of buying bitcoin and personally, this is a welcome development and I don’t really know the sole purpose of the firm
Investing in bitcoin but trust me, it will be worth it for me since they’re already buying in large quantities and just as @jima ojo said, very soon they will be ranked as the early pharmaceutical company to invest in bitcoin.

Maybe rather than just polling the pensions of their workers in fiat, they might as well come to an agreement with the workers and rather pay and save their pension gratuity in bitcoin over the years it might grow and yield them more return but we never can tell what the outcome might be in the future to risk the hope of a work after retirement in it( mind you, this isn’t about believing in bitcoin but taking the right risk and considering its consequences.)

Most institutions are beginning to believe in bitcoin and aiming at getting their share in its long-term profitability, I'm not surprised even a health care company is joining the race, but one thing I'm sure of is that their acquisitions is not contributing to a decentralized bitcoin network, but of centralized orientation. It is also good that they are planning to incorporate crypto in their payment options which would still spread the gospel of further adoption of bitcoin.

I love the propagation even to health care company, but I still have a problem with its centralization undertones.

Many companies and conscious individuals have realized that Bitcoin is a part of the future financial system. So they are trying to stay ahead of the future without delay. That is why they have decided to buy Bitcoin as part of the groundbreaking process and they are also thinking of adding it to their own payment system, which will play a very important role in the spread of Bitcoin.

The world's largest companies, world leaders, the technology sector, and people aware of Bitcoin have welcomed Bitcoin, and today, healthcare companies have joined them, which shows that the acceptability of this digital currency is increasing day by day.

Seeing the viral growth and improvement and benefits of Bitcoins,
A lot of companies including the health personal company wants to partner with Bitcoin to also benefit as well in quick transactions and easy rates.

A very positive development. Seeing a company outside the predictable tech and finance corridors engage with Bitcoin is a significant milestone. It underscores the fundamental principle that Bitcoin is a technology for all sectors, not just a niche financial asset.