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Board of Directors.Prenetics is the parent of the IM8 premium consumer health brand co-founded by the English former football star David Beckham and championed by World No. 1 and four-time Grand Slam winner Aryna Sabalenka.Related: 'Alarming' growth of bitcoin treasuries prompts all-time high price predictionFormer England footballer David Beckham (L) poses next to his wife singer and fashion designer Victoria Beckham (R) with his medal after being appointed as a Knight Bachelor (Knighthood) for services to sport and charity at an investiture ceremony at Windsor Castle on November 4, 2025.It took the decision to dedicate entire resources and attention exclusively to the market opportunity presented by IM8, the company said.Prenetics began to acquire Bitcoin to add to its corporate treasury in mid-June this year and now holds 510.03 BTC, valued at more than $44.8 billion at the time of writing.The company said it will continue to hold its current Bitcoin holdings as a treasury reserve asset. However, it will allocate no existing or new capital to acquire more Bitcoin.The latest decision reflects the lack of confidence among digital asset treasuries regarding crypto holdings amid the ongoing market crash.Even a giant like Michael Saylor's Strategy (Nasdaq: MSTR) risks getting delisted from an index benchmark like MSCI USA Index as traditional players reassess the digital assets market.Holiday debt could make January a stress test for marketsJim Cramer turns 100% bearish on BitcoinAnalyst who nailed 2021 market collapse predicts incoming Bitcoin crashPrenetics said it will allocate its capital toward the growth, operations, and strategic expansion of IM8—a brand associated with Beckham.Since its launch 11 months ago, IM8 has achieved over $100 million in annualized recurring revenue.Prenetics co-founder and CEO Danny Yeung said, "The phenomenal success of IM8 has exceeded all expectations and scaled much faster than our original expectations.""Our Board and management team unanimously agreed that the most promising path to creating significant, sustainable shareholder value is to devote our undivided attention to this once-in-a-generation opportunity clearly visible in IM8."The PRE stock was trading at $15.72 at press time, down 3.5% in a day.Related: Analyst downgrades crypto's most subscribed IPO as stock sinksThis story was originally published by TheStreet on Dec 30, 2025, where it first appeared in the MARKETS section. 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