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.