US-listed Profusa to Purchase up to $100 Million Worth of Bitcoin

Son Min

Summary

Nasdaq-listed Profusa announced a plan to purchase Bitcoin worth up to $100 million.
Profusa signed a common stock purchase agreement with Ascent Partners and said that the raised funds will be used to buy Bitcoin.
CEO Ben Huang stated that reserving Bitcoin will protect shareholder value and serve as a future store of value.

Profusa, a digital healthcare company listed on Nasdaq, is planning to use up to $100 million to purchase Bitcoin (BTC).

According to GlobeNewswire on the 21st (local time), Profusa announced in a press release that it "has signed a common stock purchase agreement with Ascent Partners worth up to $100 million" and "will use the raised funds to buy Bitcoin."

Ben Huang, CEO of Profusa, stated, "The Bitcoin reserve is a strategy to protect shareholder value and aligns with the digital future," adding, "We aim to maximize shareholder value by holding a store of value for the future."

BTC