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