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Prenetics Global just raised $48 million to buy bitcoin, expand its brand, and bolster their Bitcoin treasury strategy.
Does one bitcoin a day keep the doctor away?
Prenetics Global Limited (NASDAQ: PRE), a Hong Kong-based health sciences company, announced today the successful pricing of a public equity offering expected to generate approximately $48 million in gross proceeds, with the potential to raise up to $216 million if all accompanying warrants are exercised.
The capital raise is intended to support the expansion of its supplement brand, IM8, while bolstering Prenetics’ Bitcoin treasury strategy.
The company has a disciplined Bitcoin accumulation plan, purchasing one bitcoin per day since August 1, 2025, and currently holds approximately 275 BTC, valued at $31 million as of October 27.
Prenetics said the offering attracted a distinguished group of institutional and individual investors, including major crypto platforms and financial firms such as Kraken, Exodus (NYSE: EXOD), GPTX by Bitcoin mining pioneer Jihan Wu, American Ventures LLC, XtalPi (2228.HK), DL Holdings (1709.HK), and Mythos Group, among others.
The offering, led by sole placement agent Dominari Securities LLC, consists of 2,992,596 Class A ordinary shares and/or pre-funded warrants, along with Class A and Class B warrants exercisable for up to 5,985,192 additional shares.
The Class A warrants carry an exercise price of $24.12 — 50% above the offering price of $16.08 — while the Class B warrants are exercisable at $32.16, or a 100% premium. Both warrants are immediately exercisable upon issuance and have five-year terms.
High-profile strategic investors like Aryna Sabalenka, the world No. 1 tennis player, and Adrian Cheng, a prominent Asian entrepreneur, also increased their stakes in the company. David Beckham is also a prominent backer.
Prenetics’ supplement brand IM8 hit $100 million ARR in 11 months and aims for $180–$200 million in 2026 within the $704 billion global market, the company said.
CEO Danny Yeung highlighted the company’s dual focus on health supplements and cryptocurrency.
“IM8 has huge global potential, evidenced already by our extraordinary traction across multiple markets. We’re particularly honored to have the backing of a distinguished group of new and existing strategic investors who share our confidence in our dual-engine strategy,” Yeung said.
As mentioned earlier, Prenetics has a Bitcoin accumulation plan, purchasing one bitcoin per day since August 1, 2025, and currently holds approximately 275 BTC, valued at $31 million as of October 27.
Financially, Prenetics will hold roughly $100 million in cash post-offering, bringing its total liquidity — including Bitcoin holdings — to around $131 million.
The company also plans to review and divest non-core business units to focus resources on IM8 and Bitcoin initiatives.
The offering is expected to close on or around October 28, 2025, pending customary conditions. Prenetics positions itself as pursuing a bold long-term ambition: to reach $1 billion in annual revenue alongside $1 billion in Bitcoin holdings within the next five years, combining health supplement growth with cryptocurrency accumulation as a cornerstone of its corporate strategy.
IM8’s operational performance underscores the brand’s subscription-driven growth model, with more than 12 million servings shipped to over 420,000 customer orders across 31 countries.
Average order values have risen from $110 to $145 following the launch of IM8’s Daily Ultimate Longevity product, reflecting strong consumer demand for premium offerings.
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Jakarta, Pintu News – Reporting from BeInCrypto, the price of Pi Network has re-entered a flat movement phase after several failures to break the resistance level. In recent days, the price of this crypto has tended to stagnate and has not shown signs of strong participation from investors.
Currently, Pi Coin is still moving in a narrow range, reflecting the indecision of traders who are waiting for clarity on the next market direction.
On October 27, 2025, the price of Pi Network was recorded at $0.2699, a significant increase of 31.9% in 24 hours. If converted to the current rupiah ($1 = IDR 16,622), then 1 Pi Network is IDR 4,486.
Read also: Can Solana (SOL) Price Break $200 Again? Check out the Analysis!
In the span of 24 hours, PI moved in the price range of $0.2068 to $0.29, showing very strong buying momentum. This price surge was also reflected in an increase in daily trading volume that touched $113.5 million, signaling drastically increased market interest in the token.
In terms of fundamentals, Pi Network’s market capitalization stands at $2.26 billion, with a fully diluted valuation of $3.49 billion.
The Chaikin Money Flow (CMF) indicator shows that the inflow of funds into Pi Coin is slowly starting to increase, but the pace is still relatively slow. This indicates that although investor interest is starting to return, the amount of capital coming in is still not enough to encourage a significant breakout.
Without stronger fund flows, Pi Coin’s price recovery is likely to remain limited in the short term.
Historically, increased capital flows are often the trigger for sustained rallies. However, current CMF readings suggest that liquidity pressures are still present. To support a bullish trend reversal, Pi Coin requires consistent accumulation from investors as well as re-participation from whales.
From a macro standpoint, Pi Coin’s market momentum is starting to show early signs of stabilization. The Squeeze Momentum indicator reveals that the bearish pressure is slowly starting to ease, signaling that sellers may be starting to lose control. Nevertheless, market momentum is still weak as market participants await confirmation of the next trend direction.
The squeeze pattern seen on the chart suggests a possible volatility expansion in the near future. If this release of pressure occurs in a bullish direction, Pi Coin could potentially experience a fairly significant price spike.
Read also: Crypto whales continue to invest in Bitcoin, can BTC jump to $116,000?
As of October 26, Pi Coin was trading at $0.207, just below the crucial resistance level of $0.209. The altcoin has been moving in a rangebound pattern for almost two weeks, holding above the crucial support zone at $0.198.
This consolidation phase reflects market uncertainty, where neither the bulls nor the bears have been able to take full control.
If capital flow into the market strengthens, Pi Coin has the potential to break the $0.209 resistance and continue its rise towards $0.229. Sustained buying volume and increased investor participation will be key to supporting this move.
A confirmed breakout above $0.209 would signal a strengthening of momentum and likely attract the interest of short-term traders.
However, if bearish pressure dominates again, the price of Pi Coin could continue to move sideways or even drop below the $0.198 support. A drop below this level could drag the price to around $0.180, simultaneously invalidating the bullish outlook. Weak fund flows and selling pressure would reinforce such a downside scenario.
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The Pi Coin is hovering around $0.207, with low incoming flows hindering a significant breakout. Accumulating pressure after two weeks of tight range, its fate hinges on breaking the key resistance at $0.209 or retracing to the critical support at $0.198. Investors await a clear signal to act, yet with insufficient volume, uncertainty prevails.
Written by Simon Dumoulin
Translated on October 27, 2025 at 14:55 by Simon Dumoulin
Money flow remains one of the main obstacles to a significant recovery of Pi Coin. According to the Chaikin Money Flow (CMF) indicator, capital inflows are gradually increasing, but the pace remains too modest to fuel a genuine rally. This situation reveals that investor interest is slowly returning, but without conviction or sustained volume.
Historically, prolonged consolidation phases end with explosive breakouts when capital flows intensify suddenly. But in Pi Coin’s current case, liquidity pressure persists and limits any possibility of a marked bullish movement in the short term. Large holders, often called “Whales” in crypto jargon, are not yet showing signs of massive accumulation, keeping the market in a zone of uncertainty.
For Pi Coin to exit this range-bound phase, consistent and progressive accumulation by institutional and retail investors becomes essential. Without this dynamic, the price risks remaining stuck between $0.198 and $0.209 for several additional days. Traders are closely monitoring volumes on major exchange platforms to detect any signals of a sudden increase in demand.
Technical analysis via the Squeeze Momentum indicator reveals that bearish pressure is gradually diminishing on Pi Coin. This indicator, used to measure volatility compression, suggests that a price movement expansion is imminent. Sellers seem to be progressively losing control of the market, but buyers haven’t yet taken over with sufficient force.
This pressure accumulation on the chart indicates that a strong directional movement could occur in the next 48 to 72 hours. If this energy releases in favor of the bulls, Pi Coin could experience a notable price jump toward the $0.229 zone. But if the bears regain control, a break below $0.198 could lead to a drop toward $0.180, completely invalidating the bullish scenario.
Experienced traders know that these compression phases are often followed by violent movements in one direction or another. The $0.209 level thus represents the resistance to watch as a priority, as breaking through it would confirm a short-term trend reversal. Conversely, losing the support at $0.198 would give a clear bearish signal to market participants.
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The current Pi Coin price at $0.207 places the cryptocurrency in a delicate position. The bullish scenario requires a clean break above the resistance at $0.209 with sustained buying volume. If this condition is met, the next target is around $0.229, representing a potential gain of approximately 10% from current levels.
For this scenario to materialize, several elements must align simultaneously. First, the CMF must continue to progress, signaling increasing capital inflows. Next, the momentum indicator must confirm a trend change with a bullish expansion of volatility. Finally, trading volumes must increase significantly, ideally above the 20-day average.
The bearish scenario remains equally plausible if headwinds persist. A break below $0.198 would open the way for a test of the psychological level at $0.180. This movement would likely be amplified by cascading triggered stop-losses, creating additional selling pressure. Cautious investors typically place their protection orders just below this key support to limit their potential losses in case of a sharp market reversal.
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