11:46 AM EST, 11/26/2024 (MT Newswires) -- 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