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Profusa ( (PFSA) ) has shared an update.
On March 11, 2026, Profusa’s management decided to end its Bitcoin treasury reserve strategy, citing current market conditions and revised capital allocation priorities, and plans to liquidate its remaining 16.51 Bitcoin holdings acquired for about $2.0 million, with proceeds earmarked for general corporate purposes. On March 12, 2026, Ascent Partners Fund LLC notified Profusa it was terminating the related account control agreement, effective 30 days after the current filing, unwinding the structure under which the company’s Bitcoin had been pledged as collateral.
Separately, Nasdaq informed Profusa on March 11, 2026 that, after failing to regain compliance by March 10, 2026 with both the $50 million market value of listed securities requirement and the $1.00 minimum bid price rule, its shares are now subject to delisting from the Nasdaq Global Market. Profusa intends to request a hearing by March 20, 2026 to seek additional time to present a plan to regain compliance, a step that would stay any suspension or delisting action while the review is pending.
More about Profusa
Profusa operates in the financial and corporate treasury management space, having used a Bitcoin treasury reserve strategy as part of its capital allocation and financing structure. The company previously utilized proceeds from a committed equity facility with Ascent Partners Fund LLC to purchase and hold Bitcoin as a digital asset collateral in a custodial account under a control agreement with BitGo-affiliated entities.
Average Trading Volume: 621,212
Technical Sentiment Signal: Sell
Current Market Cap: $1.28M
For an in-depth examination of PFSA stock, go to TipRanks’ Overview page.