Profusa invests additional $1 million in digital treasury assets

* Profusa (NASDAQ:PFSA [https://seekingalpha.com/symbol/PFSA]) announced on Tuesday its second $1 million investment in digital treasury assets to hedge against macroeconomic uncertainties, in line with the company’s treasury management strategy.
* “We believe the continued execution of our digital asset strategy helps ensure that we are prudently managing our resources to continue to support both our commercial and development plans for our Lumee platform technology. Our digital treasury strategy is designed to facilitate that we maintain sufficient capital to provide the best-in-class, AI-driven digital health platform for the benefit of chronic disease and health and wellness management. We continue to collaborate with Ascent Partners Fund, which funded our second tranche of $2 million in additional investments, to establish a low cost, capital efficient, best of breed Bitcoin treasury strategy which reflects our strong conviction that Bitcoin is the digital store of value for the future. We believe it will provide a firm foundation as we progress our commercial and clinical programs,” said Ben Hwang, Profusa’s Chairman and CEO.
* PFSA +4.74% premarket to $0.3685.
* Source: Press Release [https://seekingalpha.com/pr/20256961-profusa-invests-additional-1-million-in-digital-treasury-assets]

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* Financial information for Profusa, Inc. [https://seekingalpha.com/symbol/PFSA/income-statement]