Prenetics (PRE) has successfully raised $46.8 million in an oversubscribed equity financing round, aiming to expand its health brand IM8 and enhance its Bitcoin vault strategy. The funding round, led by Kraken and Exodus, could potentially reach $212 million if all warrants are exercised. Prenetics plans to purchase one Bitcoin daily, targeting $10 billion in revenue and Bitcoin holdings over the next five years. The IM8 brand has already achieved $100 million in annual recurring revenue within 11 months.