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."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)