The statement is assessed as "likely_true" with high confidence based on strong, direct evidence from multiple sources. The most compelling evidence comes from a highly relevant and authoritative CoinDesk article, which explicitly reports on a "$46.8 million raise" and includes a statement from the CEO regarding the use of funds for both the IM8 brand and the Bitcoin treasury. This directly supports all key elements of the claim: the company (Prenetics), the amount ($46.8M), and the purpose (advancing the Bitcoin treasury). A second news source, Bitcoin Magazine, corroborates this, reporting a very similar fundraise of "$48M" for the same purpose. The minor discrepancy in the amount is likely due to rounding or reporting conventions and does not detract from the core truth of the claim.Furthermore, multiple primary sources from Prenetics itself, including its corporate website, investor relations press releases, and an SEC filing, consistently confirm the existence and strategic importance of its Bitcoin treasury. While these official documents do not mention this specific $46.8M capital raise, they establish a clear pattern of intent and action to fund and expand the treasury, lending significant credibility to the reported purpose of the financing. The statement is slightly qualified in that the funds were not raised *solely* for the Bitcoin treasury, but it was a primary stated purpose, making the overall statement substantially true.