ChainCatcher news, publicly traded company Jiva Technologies announced that its board has approved the purchase of 1 million dollars in Bitcoin as part of its reserve assets and corporate fund management strategy. Its CEO Lorne Rapkin stated that the inherent scarcity and limited supply of Bitcoin make it a modern hedge against inflation and a safe haven during times of economic uncertainty. The company will also closely monitor its Bitcoin holdings to ensure compliance with market conditions and the company's cash flow requirements.