Joe Davy, chief executive of Banzai, proposed that the company invest up to 10 percent of its treasury funds in Bitcoin to offset potential inflation risks.
The decision to buy Bitcoin marks a strategic shift for Banzai, indicating a willingness to embrace volatile digital currencies despite traditional corporate treasury caution.
The investments made by Banzai reflect a growing trend among non-crypto businesses, linking their financial outcomes to the volatile cryptocurrency market.
Experts express concern about the decision, stating that the unpredictable nature of digital assets poses significant risks for risk-averse corporate boards.
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