Banzai International, Inc. (NASDAQ: BNZI) recently announced a new initiative to incorporate Bitcoin into its financial reserve assets. The board has approved the use of company funds to purchase Bitcoin, up to a maximum of 10% of the corporate financial accounts. This decision aims to achieve diversification of financial assets and hedge against inflation risks.
Company founder and CEO Joe Davy stated that they believe in the potential long-term value of Bitcoin to bring benefits of asset diversification to the company. As a company focused on marketing technology, Banzai's move may provide new ideas for other businesses. 📈💡