logo

US Stocks: Profusa Signs $100 Million Equity Line of Credit Agreement, Launches Bitcoin Treasury Reserve Strategy

By: theblockbeats.news|2025/07/21 20:52:09
0
Share
copy
equityequity

BlockBeats News, July 21st, According to businessinsider report, commercial-stage digital health company Profusa (NASDAQ: PFSA) today announced that it has entered into a Securities Purchase Agreement (Equity Line Facility) with Ascent Partners Fund LLC (referred to as "Ascent"), to raise up to $100 million through the issuance of common stock, with the net proceeds to be used in full to purchase Bitcoin (for debt repayment), provided that the Company's cash balance at the time of the equity sale is above $5 million.

Under the terms of the agreement, Profusa has the right to sell common stock to Ascent at a price per share equal to 97% of the lowest Volume Weighted Average Price (VWAP) during the 5 trading days following each sale. The maximum amount per sale is $5 million or 100% of the average daily trading volume over the 5 trading days preceding the sale date (whichever is lower). If the Company's cash balance falls below $5 million, the net proceeds will first be used to replenish that amount, with any remaining funds allocated to Bitcoin as a core reserve asset.

-- Price

--

You may also like

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

20:42

VanEck Analyst: Bitcoin Shows Two Historical Bullish Signals of Decreased Hash Rate and Negative Funding Rate

VanEck analysts Matthew Sigel and Patrick Bush wrote an analysis stating that Bitcoin has shown two historically bullish signals: negative funding rates and a decline in hash rate concentration, while volatility has cooled down.As tensions between the U.S. and Iran eased, Bitcoin's realized volatili...
20:42

Iran's Foreign Minister calls for the establishment of a collective security mechanism "not subject to U.S. interference."

According to a report by Jinshi citing Xinhua News Agency, Iranian Foreign Minister Amir-Abdollahian called on regional countries to establish a collective security mechanism "not subject to U.S. interference." During a meeting with Oman's Sultan Haitham in the capital Muscat, Amir-Abdollahian state...
19:42

JPMorgan executives: Tokenization will change ETFs and the entire fund industry, but it will take several years to see good use cases

According to The Block, Ciarán Fitzpatrick, the global head of ETF products at JPMorgan Securities Services, stated: "We believe that tokenization will definitely drive changes in the market, not only for ETFs but for the entire fund industry as well."Ciarán Fitzpatrick pointed out that given the ma...
19:42

Vietnam plans to launch a pilot project for cryptocurrency assets, transforming unregulated crypto trading into a regulated domestic market

The Vietnamese government plans to launch a 5-year pilot project for crypto assets in the second quarter of 2026, transitioning from previously offshore unregulated crypto trading to a domestically regulated market. Currently, Vietnamese traders have an annual cryptocurrency trading volume of $220-2...
19:42

In the past 7 days, El Salvador has increased its holdings by 8 BTC, with a total holding of 7,633.37 BTC

El Salvador has added a total of 8 bitcoins in the past 7 days and 31 bitcoins in the past 30 days. Currently, its bitcoin holdings amount to 7,633.37 bitcoins, with a total value of 624 million dollars.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com