According to @CoinMarketCap, David Beckham-backed Prenetics has abandoned its Bitcoin treasury strategy less than three months after raising $48M for it and will focus entirely on its IM8 brand, according to @CoinMarketCap. The update does not specify whether Prenetics purchased any BTC or whether any holdings will be sold, limiting visibility into near-term BTC supply dynamics, according to @CoinMarketCap. Traders should note this headline shift removes one planned corporate BTC treasury initiative from the pipeline, with no transaction details disclosed in the source, according to @CoinMarketCap.

According to @gdb, the trend of corporate Bitcoin adoption is accelerating as multiple firms add BTC to their balance sheets. AI education firm Genius Group Limited (GNS) increased its holdings to 120 BTC and reiterated its aggressive goal of accumulating 1,000 BTC within six months, as stated in an SEC filing. Following this news, GNS shares have surged over 300% in the last two weeks. Separately, healthcare firm Prenetics Global Limited (PRE) has initiated its Bitcoin treasury with a $20 million BTC purchase facilitated by Kraken, according to a press statement. Prenetics has board approval to significantly increase its holdings, signaling strong institutional interest in Bitcoin as a treasury reserve asset. This movement, also adopted by Swedish health-tech company H100 Group, mirrors the well-known MicroStrategy strategy and suggests a growing corporate demand that could impact Bitcoin's price and market sentiment.