In a move that has left many scratching their heads 🤔, Profusa, a company known for its advanced health monitoring technology, has decided to diversify its portfolio by investing in Bitcoin 💸. Because, why not? It’s not like they’re a health company or anything 🙄. This decision comes courtesy of a new agreement with Ascent Partners Fund LLC, a deal that’s got everyone talking 💬.
The health technology firm is planning to create a Bitcoin-focused treasury plan through a funding arrangement that’s as straightforward as a Tolstoy novel 📚. Under the deal, Ascent intends to invest up to $100 million in the company’s common shares. One can only assume they’re hoping to get in on the cryptocurrency craze 💥.
All net funds raised, assuming the company holds over $5 million in cash at the time of each investment, will go directly toward buying Bitcoin, which may also be used to pay down existing debt. Because, priorities 📊. The current Bitcoin stats are:
BTC $118,307, 24h volatility: 0.4%, Market cap: $2.35 T, Vol. 24h: $42.03 B. Yes, it’s a lot of numbers 📝.
Profusa has a deal that lets it sell shares to Ascent at a small discount based on recent stock prices. For each sale, the price will be 97% of the lowest average price over the five days after the sale is requested. It’s like a never-ending math problem 🤯.
The most the company can sell at a time is either $5 million or an amount equal to its recent average daily trading volume, whichever is less. Because, you know, they don’t want to oversell 📉.
Dr. Ben Hwang, Chairman and CEO of Profusa, stated that the company sees smart resource management as important to offering long-term value for shareholders. Or, in other words, they’re trying to make some savvy business moves 💼.
He noted that in the current economic environment, adding Bitcoin to the company’s balance sheet is a strategic step to preserve value and be in line with the digital future. Because, Bitcoin is the future 🔮.
Hwang also expressed enthusiasm about partnering with Ascent to create a cost-effective and efficient Bitcoin strategy that supports Profusa’s mission. One can only hope they’re not getting their hopes up too high 🤞.
Profusa is following other public companies like Metaplanet by becoming a Bitcoin treasury firm. Metaplanet raised funds through bonds and share sales to buy Bitcoin, with Fidelity recently becoming its largest shareholder by acquiring a 12.9% stake. It’s like a big game of follow-the-leader 📈.
Mercurity Fintech Gets a $200 Million Boost
A blockchain fintech company, Mercurity Fintech Holding Inc. announced a $200 million deal with Solana Ventures Ltd. to start a new digital asset plan using the Solana blockchain. Because, Solana is where it’s at 🔥.
This move will make MFH a key player in the Solana network, expanding beyond fintech to manage digital assets. The current Solana stats are:
SOL $185.7, 24h volatility: 4.6%, Market cap: $99.82 B, Vol. 24h: $15.12 B. More numbers 📊.
With Solana’s recent spotlight on tokenized treasuries and $1 billion USDC minted by Circle, the company aims to grow its SOL holdings, earn income through staking and validator nodes, and invest in projects involving real-world assets and finance. It’s like they’re trying to conquer the world 🌎.
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2025-07-22 00:20