The company’s statement said that the Prenetics board of directors decided to create its own strategic fund in bitcoins, inspired by examples of Strategy and Metaplanet, which successfully use the strategy for accumulating flagship cryptocurrencies to reduce inflationary risks and control of the treasury.
The company’s strategic plans include a significant increase in investments in the flagship cryptocurrency. Prenetics seeks to become one of the largest bitcoin holders in the medical industry. To implement this strategy, the company attracted the former operating director of the OKH End Chung (Andy Cheung) to the Board of Directors as an expert on crypto industry issues.
Commenting on his appointment, Chung said that the Prenetics strategy will not be limited only by passive storage of bitcoins, but provides for dynamic control of the treasury using derivatives, profitability strategies and institutional trade techniques.
Earlier, SOLANA co -founder Anatoly Yakovenko criticized the initiative of the Cardano creator Charles Hoskinson to convert part of the project’s treasury in the first cryptocurrency.
Source: Bits
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