PANews reported on November 27 that Banzai International, Inc. (NASDAQ: BNZI), a publicly traded company in the United States, announced that its board of directors has approved the purchase of Bitcoin as a financial reserve asset. The company's board has authorized Banzai to use company funds to purchase and hold a certain amount of 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.'
According to reports, Banzai is a marketing technology company that provides basic marketing and sales solutions.
