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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.