David Beckham-backed Health Company Abandons Bitcoin Investment

Prenetics, a health technology company backed by David Beckham, has made a significant shift in its investment strategy by abandoning its long-term commitment to bitcoin as a treasury reserve asset. This decision comes just six months after the company announced its commitment to the cryptocurrency.

The company's decision to ditch bitcoin is a notable move in the cryptocurrency market, where many companies have been exploring the use of digital currencies as a store of value and a means of payment. Prenetics' decision to abandon its bitcoin investment is a clear indication that the company is reevaluating its investment strategy and prioritizing more traditional assets.

The move is also a significant departure from the company's previous stance on bitcoin, which it had touted as a key component of its treasury reserve strategy. The company's decision to abandon its bitcoin investment is likely to have significant implications for the cryptocurrency market, where many companies have been exploring the use of digital currencies as a store of value and a means of payment.

Prenetics' decision to abandon its bitcoin investment is a clear indication that the company is reevaluating its investment strategy and prioritizing more traditional assets. The company's move is likely to have significant implications for the cryptocurrency market, where many companies have been exploring the use of digital currencies as a store of value and a means of payment.

Sources

[1] Buying bitcoin is no longer a thing for this David Beckham-backed health company