Footballer David Beckham-Backed Healthcare Firm Will no Longer Buy Bitcoin
Health science firm Prenetics Global, backed by football legend David Beckham, has stopped accumulating Bitcoin as of Dec 4. With an existing stash of 510 BTC, worth $45 million, and other cash equivalents, the company’s focus has pivoted to a nutrition supplement brand, IM8. Announced on Tuesday, Prenetics’ Board has unanimously agreed that the “most promising” way to create sustainable shareholder value is to devote to a “once-in-a-generation” brand like IM8. “Operating from a position of strength, we ...