PANews reported on October 28 that according to CoinDesk, Prenetics (PRE), a health science company invested by David Beckham, raised US$48 million in an oversubscribed equity financing round to expand its health brand IM8 and advance its Bitcoin reserve strategy.

Prenetics announced in an emailed announcement on Monday that the exercise of warrants could bring total funding to $216 million. This round of funding attracted investors including Kraken, Exodus (EXOD), GPTX, and American Ventures. CEO Danny Yeung stated that the funds will support IM8's global expansion while accumulating one Bitcoin daily, aiming to reach $1 billion in both revenue and Bitcoin holdings within five years. Data shows that the company currently holds 268.4 Bitcoins (valued at $30.9 million).