WuBlock has learned that health tech company Prenetics Global Limited (NASDAQ: PRE) announced plans to sell approximately 510 BTC, expected to be completed no later than May 14. Based on current prices, the sale is estimated to bring in around $40 million. The company stated that it will no longer allocate Bitcoin or other crypto assets in the future. After the sale, the company’s cash and financial assets are expected to increase to approximately $145 million to $150 million. The funds will be used to expand a stock buyback program of up to $40 million and to drive growth in its IM8 health business. https://(wublock123.com)/news/prenetics-to-sell-510-btc-60521