The listed company Profusa announced that it has obtained a $100 million equity credit line and will launch a Bitcoin reserve strategy
ChainCatcher news, according to BusinessInsider, the U.S. listed digital health company Profusa (NASDAQ: PFSA) announced that it has signed a securities purchase agreement with Ascent Partners Fund LLC to obtain a $100 million common stock equity credit line. The company plans to use 100% of the net proceeds to purchase Bitcoin as its primary reserve asset.
Profusa's Chairman and CEO Ben Hwang 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 report.
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