Health Care Company Acquires bitcoin

[kotajikikox]

What can you say about this move?

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.

and what would be the effect globally?

Hopefully this inspires other companies not only from fintech sector but also from health industry and others.

[Lida93]

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.

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.

[Don Pedro Dinero]

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.

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.

[Synchronice]

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

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!

[Mate2237]

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

[sheenshane]

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.

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?

[cryptomaniac_xxx]

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.

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.

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

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.

[Botnake]

^ Good job, I guess?

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

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.

[DeathAngel]

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.

[barbodiano]

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.

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.

[Ruttoshi]

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.

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.

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.

[retreat]

What can you say about this move? and what would be the effect globally?

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.

[_BlackStar]

-snip-

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.

[bitzizzix]

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.

[el kaka22]

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!

[AbuBhakar]

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.

[Jibdeen]

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.

   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.

[john_egbert]

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.

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.

[irhact]

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.

[Cryptohygenic]

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.