Banzai International (BNZI) said Tuesday its board approved the purchase of bitcoins as a treasury reserve asset.
The company may use its funds to buy and hold an amount of bitcoin consisting of up to 10% of its corporate treasury account to diversify its financial holdings and for other uses, it said.
Banzai shares were down 4.2% in recent trading.
Price: 1.48, Change: -0.07, Percent Change: -4.22
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