LATEST: Healthcare Firm Prenetics Invests $20 Million in Bitcoin Treasury Strategy

Health sciences company Prenetics Global Limited has entered the crypto world by purchasing $20 million in Bitcoin as part of its new treasury strategy. The company acquired 187.42 BTC at an average price of $106,712 and aims to allocate most of its $117 million balance sheet into Bitcoin. This shift follows a major ownership transfer of ACT Genomics boosting its liquid assets to \$117 million.

CEO Danny Yeung said the company now has the financial strength to adopt bold treasury strategies using Bitcoin. Prenetics also appointed Andy Cheung former COO of crypto exchange OKEx to its board. Cheung emphasized that the company will use active strategies like derivatives and structured products to manage its Bitcoin holdings rather than just holding the asset.

Plans include expanding Bitcoin holdings through institutional partnerships and allowing Bitcoin payments for its consumer health brands including IM8 Health and CircleDNA. With a 336% year-over-year revenue jump in Q1 2025 Prenetics is showing how crypto can play a key role in health sector growth.

Source

The Blockchain Group Buys $20 Million Worth Of Bitcoin

The Blockchain Group has acquired an additional 182 Bitcoin for approximately €17 million ($19.6 million), further expanding its position as Europe’s first Bitcoin treasury company amid accelerating institutional adoption of Bitcoin reserves.

According to a press release issued June 18, the Euronext Growth Paris-listed company completed the purchases through multiple convertible bond issuances totalling over €18 million, subscribed by several investors, including UTXO Management, Moonlight Capital, and asset manager TOBAM.

The acquisitions bring The Blockchain Group’s total Bitcoin holdings to 1,653 BTC, purchased at an average price of €90,081 ($104,000) per coin….

Read more on BitcoinMagazine

Relai Partners With Casa | Multisig Storage Solution

Zurich, 18th June — Relai has always been committed to offering the simplest and most intuitive way to buy bitcoin and hold the coins in a self-custodial manner.

From their 0% fee auto-invest plan up to 100 CHF/EUR per month, to their fast buy flow for one-time purchases.

That commitment is evident in the ever-growing user base, with over 500,000 app downloads, more than 85,000 active users, and a total user investment exceeding $1 billion. Relai users are enthusiastic about the brand and eager to use it to acquire generational wealth.

However, although owning bitcoin in a self-custodial manner is excellent, one must also think about the long-term security and…

Read more on bitcoinnews

Prenetics Becomes First Healthcare Firm To Launch Bitcoin Treasury Strategy With $20M BTC Purchase

Prenetics Global Limited, a health sciences company, announced today that it has purchased $20 million worth of Bitcoin as part of a newly approved corporate treasury strategy. The company acquired 187.42 BTC at an average price of $106,712 and stated that its board has approved allocating the majority of its $117 million balance sheet to Bitcoin. 

This follows the company’s strategic transfer of ownership of ACT Genomics, which increased its pro-forma cash to approximately $66 million and total liquid assets, including BTC and short-term holdings, to around $117 million. 

According to a press release sent to Bitcoin Magazine, Danny Yeung, CEO of Prenetics stated, “With…

Read more on BitcoinMagazine

Swiss Bitcoin Platform Relai & Casa Partner To Offer Multisig Bitcoin Security

Today, Relai, a Swiss Bitcoin platform, announced it has partnered with Casa to introduce a new Bitcoin saving and security solution, according to a press release sent to Bitcoin Magazine.

“Self-custody is at the heart of Bitcoin’s promise,” said the Co-Founder and CTO of Relai Adem Bilican. “As our users continue to accumulate and grow their holdings over time, we recognize the need for long-term solutions designed for serious Bitcoin enthusiasts. Casa is the ideal partner – a sovereignty-focused and user-friendly solution. Together, we’re helping users secure not just their savings, but their legacy.” 

According to the press release, the app has over 500,000…

Read more on BitcoinMagazine

LATEST: Japanese Fashion Brand ANAP Buys 31.2 Bitcoin Worth ¥479 million

Japanese fashion brand ANAP has made headlines after purchasing 31.2 Bitcoin worth ¥479 million as part of a bold shift into cryptocurrency. This move comes through its subsidiary ANAP Lightning Capital Co Ltd aiming to grow digital asset holdings as part of its long-term investment strategy

The company now holds over 184 BTC valued at nearly ¥2.75 billion and plans to increase that number to over 1,000 BTC by August 2025. ANAP sees Bitcoin as a reliable store of value and has created internal systems to manage crypto risk responsibly

This development signals growing confidence in Bitcoin from major Japanese companies. ANAP’s decision marks a significant moment for crypto adoption in traditional industries and sets a strong precedent for institutional investment in digital assets

Source

Fold CEO Will Reeves | Making Bitcoin Part of Everyday Life

The signs started appearing everywhere for Will Reeves long before he founded Fold. In Argentina, a friend showed him how families preserved wealth through Bitcoin during runaway inflation.

In Sonoma County, where his family worked in the wine industry, he watched migrant workers get gouged by traditional remittance providers who charged usurious fees for sending money home.

During Occupy Wall Street in Oakland, he witnessed PayPal donations getting shut down while bitcoin donations flowed through unimpeded.

“I had all these touch points with Bitcoin all representing an incredibly powerful aspect of it,” noted Will. Each interaction revealed another superpower: wealth…

Read more on bitcoinnews

Dogecoin Price Tumbles 15% In A Week, But This Analyst Says $1.25 Target Could Still Be In Play

A widely followed chartist predicted a bullish breakout for Dogecoin DOGE/USD on Tuesday, painting bold targets at $0.6533 and even $1.25, despite the meme coin’s corrective price action of late.

What Happened: In an X post, Javon Marks said that the dog-themed cryptocurrency continues to hold a bullish pattern and breakout, which could potentially lead to a “massive move” toward the $0.6533 level. This would represent a 280% run from its current price.

“But that may not be the end,” Marks added. “With the post-breakout chop, these prices may break above this target, bringing in play $1.25!” The $1.25 level was nearly 632% away as of this writing.

The bullish forecast was…

Read more on Benzinga

LATEST: The Blockchain Group Buys 182 Bitcoin Now Holds 1,653 Bitcoin

The Blockchain Group has officially acquired 182 BTC for approximately €17.0 million bringing its total holdings to 1653 BTC. This strategic expansion follows the completion of several convertible bond issuances and a share conversion totaling over €17 million. The company reports a staggering year-to-date BTC yield of 1173.2% highlighting its aggressive and successful cryptocurrency investment approach.

Multiple financial backers including UTXO Management Moonlight Capital Ludovic Chechin-Laurans and TOBAM contributed to the funding rounds. BTC gains stand at €43.8 million year-to-date with the total group holdings valued at €148.9 million at an average price of €90,081 per bitcoin. The Blockchain Group remains committed to its vision as a leading Bitcoin Treasury Company in Europe.

Source

Senate Passes GENIUS Act—Coinbase’s Brian Armstrong Calls It ‘Big Milestone,’ Scott Bessent Says Passage Could Drive Stablecoins Into A $3.7 Trillion Market

In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country’s first regulatory framework for dollar-pegged stablecoins. 

Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage.

What happened: Brian Armstrong, CEO of America’s largest cryptocurrency exchange, Coinbase Global Inc. COIN, called it a “big milestone.”

Paolo Ardoino, CEO of the world’s largest stablecoin-issuing company, Tether USDT/USD, wrote “GENIUS” in a post, alongside the emojis of the U.S. national flag and the national bird, the bald eagle.

Jeremy Allaire, co-founder and CEO of the newly listed stablecoin company, Circle…

Read more on Benzinga