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