Profusa invests additional $1 million in bitcoin treasury assets

Profusa Inc. (NASDAQ: PFSA) announced a second $1 million investment in digital treasury assets as part of its treasury management strategy to hedge against macroeconomic uncertainties.

The Berkeley, California-based digital health company stated the investment aims to support its commercial and development plans for its Lumee platform technology. Profusa collaborates with Ascent Partners Fund, which provided $2 million in additional investments, to establish what the company describes as a bitcoin treasury 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," said Ben Hwang, Profusa's Chairman and CEO.

Profusa develops tissue-integrated sensors designed to detect and transmit medical-grade data for personal and medical use. The company's biosensors are injectable and aim to provide continuous monitoring of biochemical data.

The investment represents Profusa's second allocation to digital assets, following its treasury management approach. The company operates in the digital health sector, focusing on continuous monitoring technology for chronic disease and wellness management.

Information in this article is based on a company press release.

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