The board of directors of the publicly traded company Banzai in the United States has approved its purchase of Bitcoin as a reserve asset

ChainCatcher news, according to Globenewswire, U.S. publicly traded company Banzai International, Inc. (NASDAQ: BNZI) announced that its board of directors has approved the purchase of Bitcoin as a financial reserve asset. The board has authorized Banzai to use company funds to purchase and hold Bitcoin, up to 10% of the company's corporate financial accounts, to achieve diversification of financial assets and hedge against inflation.

Banzai founder and CEO Joe Davy stated, "We believe that Bitcoin will diversify our assets and allow us to benefit from the potential long-term value of Bitcoin."

It is reported that Banzai is a marketing technology company that provides essential marketing and sales solutions.