PANews reported on November 27 that according to Globenewswire, Banzai International, Inc. (NASDAQ: BNZI), a US listed company, announced that its board of directors has approved the purchase of Bitcoin as a fiscal reserve asset. The company's board of directors 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 account, to diversify financial assets and hedge against inflation. Banzai founder and CEO Joe Davy said: "We believe that Bitcoin will diversify our assets and enable 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.