Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Jiva Technologies board approves purchase of $1 million in Bitcoin as reserve asset

Jiva Technologies board approves purchase of $1 million in Bitcoin as reserve asset

CointimeCointime2024/11/26 04:13
By:Cointime

publicly listed company Jiva Technologies announced that its board of directors has approved the purchase of $1 million worth of Bitcoin as part of its reserve asset and corporate fund management strategy. CEO Lorne Rapkin stated that Bitcoin's inherent scarcity and limited supply make it a modern hedging tool against inflation and a safe haven during times of economic uncertainty. The company will also closely monitor its holdings of Bitcoin to ensure compliance with market conditions and the company's cash flow requirements.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

June FOMC meeting takeaways

With an updated Summary of Economic Projections, the Fed sees growth slowing and inflation increasing

Blockworks2025/06/20 04:32
June FOMC meeting takeaways