TechFlow news, July 21 — According to GlobeNewswire, Nasdaq-listed digital health company Profusa (Nasdaq: PFSA) announced it has entered into a securities purchase agreement with Ascent Partners Fund LLC to establish an equity credit facility of up to $100 million in common stock. The company plans to allocate 100% of the net proceeds toward purchasing bitcoin as its primary reserve asset.
Ben Hwang, Chairman and CEO of Profusa, stated that holding bitcoin is a strategic move to protect shareholder value in an era of accelerating currency devaluation. The company expects to make its first bitcoin purchase this week and will disclose its bitcoin holdings in its quarterly financial reports.




