Profusa Secures $100M to Kickstart Bitcoin Treasury Plan
Profusa signs $100M equity deal to buy Bitcoin, marking a bold move into crypto treasury strategy.
- Profusa inks $100M equity agreement with Ascent Partners Fund
- All proceeds to be used for Bitcoin purchases starting this week
- Signals growing corporate shift toward Bitcoin treasury holdings
Biotech company Profusa (Nasdaq: PFSA) has officially entered the world of crypto by announcing a $100 million equity line of credit to fund its Bitcoin treasury initiative. The move positions Profusa among the growing list of public companies adopting Bitcoin as a treasury reserve asset.
The agreement was made with Ascent Partners Fund, which signed a securities purchase agreement to provide Profusa with the funds. In a bold and clear declaration, the company stated that all net proceeds from this financing will be dedicated solely to purchasing Bitcoin.
A New Kind of Corporate Treasury Allocation
Profusa’s decision is not just about investment—it’s a full-blown strategic pivot. With Bitcoin purchases expected to begin this week, the company signals a long-term belief in the digital asset’s value and resilience against inflationary risks.
This approach follows in the footsteps of other corporate giants like MicroStrategy and Tesla, both of whom have added Bitcoin to their balance sheets in recent years. It shows that even companies outside the tech or finance sectors are recognizing crypto’s role in capital preservation.
A Sign of Institutional Bitcoin Confidence
Profusa’s move could act as a catalyst for more traditional companies to explore Bitcoin treasury strategies. By committing 100% of the equity line to Bitcoin, the biotech firm is sending a strong message about its conviction in Bitcoin as a store of value.
The market will be watching closely as Profusa begins its Bitcoin acquisition phase. This development not only influences its financial trajectory but could also shape broader investor sentiment toward Bitcoin in 2025.
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