Golden Finance reported that Jiva Technologies, a listed company, announced that its board of directors has approved the purchase of $1 million in Bitcoin as a reserve asset and part of the company’s fund management strategy. Its CEO Lorne Rapkin said that the inherent scarcity and limited supply of Bitcoin make It serves as a modern hedge against inflation and a safe haven in times of economic uncertainty. Bitcoin holdings are closely monitored to ensure compliance with market conditions and the company's cash flow requirements.