According to BlockBeats, Profusa announced that it has reached a securities purchase agreement with Ascent Partners Fund LLC to raise up to $100 million by issuing common stock for the purpose of purchasing Bitcoin. The agreement stipulates that Profusa may sell common stock to Ascent at 97% of the lowest VWAP during the five trading days following the sale. The maximum limit for a single sale is $5 million or 100% of the average daily trading volume over the five trading days prior to the sale. If the cash balance falls below $5 million, the net proceeds will be prioritized to cover that amount, and the remaining funds will be used to allocate Bitcoin as a core reserve asset.

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