Kraken Facilitates Prenetics’ $20 Million Bitcoin Treasury Investment

Prenetics Global Limited, a Nasdaq-listed health sciences company, has taken a significant step into the digital asset space by allocating $20 million to Bitcoin for its corporate treasury. The company purchased 187.42 BTC at an average price of $106,712 per Bitcoin through Kraken's custody platform. This move marks the beginning of a broader Bitcoin strategy approved by Prenetics' board, highlighting the growing adoption of cryptocurrency by traditional healthcare firms. The investment underscores the increasing institutional interest in Bitcoin as a treasury asset, with Prenetics joining a growing list of companies diversifying their reserves into digital currencies. The transaction was executed via Kraken, a leading cryptocurrency exchange known for its institutional-grade services, further validating the platform's role in facilitating large-scale corporate crypto investments. As of June 2025, this strategic allocation positions Prenetics at the forefront of healthcare companies embracing blockchain technology and digital assets as part of their financial strategy.

Nasdaq-Listed Healthcare Firm Prenetics Allocates $20 Million to Bitcoin Treasury

Prenetics Global Limited, a Nasdaq-listed health sciences company, has made a bold move into digital assets by purchasing $20 million worth of Bitcoin for its corporate treasury. The firm acquired 187.42 BTC at an average price of $106,712 through Kraken's custody platform, signaling the start of a comprehensive Bitcoin strategy approved by its board.

The healthcare company plans to integrate Bitcoin into its consumer health platforms and operations, with CEO Danny Yeung framing the investment as part of a "new era" where genomics, personalized medicine, and digital assets converge. Prenetics hinted at further expansion of its Bitcoin holdings, joining a growing list of corporations adopting cryptocurrency treasury strategies.

Notably, the company has enlisted a Trump-linked crypto advisor to guide its digital asset initiatives. This move comes as institutional adoption of bitcoin continues to accelerate across diverse industries, including the traditionally conservative healthcare sector.

Kraken Introduces Bitcoin Staking with BABY Token Rewards

Kraken, the San Francisco-based cryptocurrency exchange, has launched a new Bitcoin staking feature allowing users to earn rewards in Babylon's native BABY token. The initiative leverages Babylon's staking protocol to enable BTC holders to generate yields on otherwise idle assets.

"A substantial amount of bitcoin currently sits idle on our exchange, representing a significant opportunity cost," said Mark Greenberg, Kraken's Global Head of Consumer. The service aims to bridge Bitcoin's economic weight with emerging proof-of-stake networks seeking enhanced security.

Availability is currently limited to select jurisdictions including the U.S. (with several state exclusions), U.K., Australia, and UAE. This MOVE follows Babylon's 2023 fundraising efforts to develop Bitcoin staking infrastructure.