{"id":790817,"date":"2024-11-26T08:40:18","date_gmt":"2024-11-26T13:40:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/"},"modified":"2024-11-26T08:40:18","modified_gmt":"2024-11-26T13:40:18","slug":"banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/","title":{"rendered":"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SEATTLE, Nov.  26, 2024  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KJXiGN8IgEfm6U2ANUBbbp4KNnwso-Epmxn_nhkNPt8BpSiOpBlN_PQG1lQhV211uIl-DvgUuw70dyoLGf9rrDyW5m1EOFrdbJxKcT7EnUg=\" rel=\"nofollow\" target=\"_blank\">Banzai International, Inc.<\/a> (NASDAQ: BNZI) (\u201cBanzai\u201d or the \u201cCompany\u201d), a leading marketing technology company that provides essential marketing and sales solutions, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset.<\/p>\n<p align=\"justify\">The Company\u2019s Board of Directors has authorized Banzai to use company funds to purchase and hold an amount of Bitcoin comprising up to 10% of the Company\u2019s corporate treasury account for the purpose of diversifying its financial holdings and hedging against inflation.<\/p>\n<p align=\"justify\">\u201cWith our strong balance sheet and ending Q3 2024 cash of $4.3 million at an all-time high, we believe Bitcoin will diversify our treasury holdings and position us to benefit from Bitcoin\u2019s prospective long-term value,\u201d said Joe Davy, Founder and CEO of Banzai. \u201cWith growing support and increased institutional adoption, Bitcoin is rapidly becoming a primary asset class. This diversification strategy aligns with other recent improvements to our balance sheet and cost structure to set us up for sustainable profitability in the future and will not impact our growth plans. We will continue to focus on growth through re-engineering and expanded sales efforts for our expanding product line. We believe Bitcoin will be an additional tool in our financial management toolkit and help to deliver long-term value for our shareholders.\u201d<\/p>\n<p>\n        <strong>About Banzai<\/strong>\n      <\/p>\n<p align=\"justify\">Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=II3bDoPsduR6XXMh380dZ_YF98VnYo1aF05BHVK8nubVO8saDjDFgzBeN5bhfkZOjoGUwIMofPhbWbF_AjqTCw==\" rel=\"nofollow\" target=\"_blank\"><u>www.banzai.io<\/u><\/a><u>.<\/u> For investors, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NozjqdN8Ed0G2oAdVP6rK7xbiHPnSJiDL00amg5J6kYftRa7pxaAaoJ75Yq8j9D3MTUmEfRVc-zitASkoJTRAw==\" rel=\"nofollow\" target=\"_blank\"><u>https:\/\/ir.banzai.io<\/u><\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ctarget,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cpropose,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.\u2019s (the \u201cCompany\u2019s\u201d): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company\u2019s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company\u2019s ability to execute on its strategy. More detailed information about risk factors can be found in the Company\u2019s Annual Report on Form 10-K and the Company\u2019s Quarterly Reports on Form 10-Q under the heading \u201cRisk Factors,\u201d and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.<\/p>\n<p>\n        <strong>Investor Relations<\/strong><br \/>\n        <br \/>Chris Tyson<br \/>Executive Vice President<br \/>MZ Group &#8211; MZ North America<br \/>949-491-8235<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y6aB8wk8xkecoLEDlPFfnbuB1w2yeyKvnf6O8xHPq9oN-Fnva3pXRZoFNes9RbdR4OuL3ck0Ivi-n1GIHGZ33A==\" rel=\"nofollow\" target=\"_blank\"><u>BNZI@mzgroup.us<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=m1VZJIOre1mU4VAXr5t4BqgrBGttYwDi43-JHoOASYym3ORGTsmjJzzxoY1b3pddXz7Jt6sGGAxg8KtO-B9YRg==\" rel=\"nofollow\" target=\"_blank\"><u>www.mzgroup.us<\/u><\/a><\/p>\n<p>\n        <strong>Media<\/strong><br \/>\n        <br \/>Rachel Meyrowitz<br \/>Director, Demand Generation, Banzai<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-pBZzWPVLjUqolBfswWYPBkxVe5YXvtnek9LUky47bWtH1FddEbL90knxcgV8OZSVLsxbqAuOmuB6YeuQSQsCw==\" rel=\"nofollow\" target=\"_blank\">media@banzai.io<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI5MDA0MyM2NjExMDg4IzIyNjM3Mjc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjMxODY2ZGMtYWQ4MC00YzBlLTkzMDktZGVmMGU5MTczNWUzLTEyNzUyNzc=\/tiny\/Banzai-International-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEATTLE, Nov. 26, 2024 (GLOBE NEWSWIRE) &#8212; Banzai International, Inc. (NASDAQ: BNZI) (\u201cBanzai\u201d or the \u201cCompany\u201d), a leading marketing technology company that provides essential marketing and sales solutions, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. The Company\u2019s Board of Directors has authorized Banzai to use company funds to purchase and hold an amount of Bitcoin comprising up to 10% of the Company\u2019s corporate treasury account for the purpose of diversifying its financial holdings and hedging against inflation. \u201cWith our strong balance sheet and ending Q3 2024 cash of $4.3 million at an all-time high, we believe Bitcoin will diversify our treasury holdings and position us to benefit from Bitcoin\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790817","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SEATTLE, Nov. 26, 2024 (GLOBE NEWSWIRE) &#8212; Banzai International, Inc. (NASDAQ: BNZI) (\u201cBanzai\u201d or the \u201cCompany\u201d), a leading marketing technology company that provides essential marketing and sales solutions, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. The Company\u2019s Board of Directors has authorized Banzai to use company funds to purchase and hold an amount of Bitcoin comprising up to 10% of the Company\u2019s corporate treasury account for the purpose of diversifying its financial holdings and hedging against inflation. \u201cWith our strong balance sheet and ending Q3 2024 cash of $4.3 million at an all-time high, we believe Bitcoin will diversify our treasury holdings and position us to benefit from Bitcoin\u2019s &hellip; Continue reading &quot;Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-26T13:40:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI5MDA0MyM2NjExMDg4IzIyNjM3Mjc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset\",\"datePublished\":\"2024-11-26T13:40:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\\\/\"},\"wordCount\":727,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTI5MDA0MyM2NjExMDg4IzIyNjM3Mjc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\\\/\",\"name\":\"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/","og_locale":"en_US","og_type":"article","og_title":"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset - Market Newsdesk","og_description":"SEATTLE, Nov. 26, 2024 (GLOBE NEWSWIRE) &#8212; Banzai International, Inc. (NASDAQ: BNZI) (\u201cBanzai\u201d or the \u201cCompany\u201d), a leading marketing technology company that provides essential marketing and sales solutions, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. The Company\u2019s Board of Directors has authorized Banzai to use company funds to purchase and hold an amount of Bitcoin comprising up to 10% of the Company\u2019s corporate treasury account for the purpose of diversifying its financial holdings and hedging against inflation. \u201cWith our strong balance sheet and ending Q3 2024 cash of $4.3 million at an all-time high, we believe Bitcoin will diversify our treasury holdings and position us to benefit from Bitcoin\u2019s &hellip; Continue reading \"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/","og_site_name":"Market Newsdesk","article_published_time":"2024-11-26T13:40:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI5MDA0MyM2NjExMDg4IzIyNjM3Mjc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset","datePublished":"2024-11-26T13:40:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/"},"wordCount":727,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI5MDA0MyM2NjExMDg4IzIyNjM3Mjc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/banzai-board-of-directors-approves-purchase-of-bitcoin-as-treasury-reserve-asset\/","name":"Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset - 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