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Profusa Inc. (PFSA) announced it has made an initial $1 million investment in Bitcoin as part of its digital asset treasury strategy. The Berkeley, California-based digital health company said it partnered with BlockFills, a crypto trading solutions provider, to execute the Bitcoin treasury management strategy.
The company stated the investment aims to hedge against macroeconomic uncertainties and represents collaboration with Ascent Partners Fund to establish its Bitcoin treasury approach. Profusa develops tissue-integrated sensors for continuous monitoring of biochemical data for medical applications.
"This initial investment is an important first step in our collaboration with Ascent Partners Fund to establish a low cost, capital efficient, best of breed, Bitcoin treasury strategy," said Ben Hwang, Profusa’s Chairman and CEO, according to the company’s statement.
The company indicated it intends to continue investing in digital assets led by Bitcoin while maintaining sufficient capital for its healthcare platform operations. Profusa specializes in injectable biosensors and data platforms for personal and medical use in chronic disease and wellness management.
The press release included forward-looking statement disclaimers noting risks regarding Bitcoin’s volatile price nature and potential correlation between the company’s stock price and digital asset holdings.