XRP (CRYPTO: XRP) is drawing fresh attention after Cardano (CRYPTO: ADA) founder Charles Hoskinson highlighted its untapped potential in decentralized finance, saying nearly $100 billion worth of idle XRP could soon enter yield-bearing ecosystems. The remarks came just as Nasdaq-listed Reliance Global Group Inc. (NASDAQ:RELI) announced it has added XRP to its corporate digital asset treasury.Hoskinson Sees $100B XRP Unlocking DeFi LiquiditySpeaking during a livestream, Hoskinson said the XRP community has " ...

Core Viewpoint - Reliance Global Group has completed the purchase of XRP, enhancing its Digital Asset Treasury initiative and diversifying its portfolio with a top-tier cryptocurrency recognized for its speed and scalability in cross-border payments [1][2][3] Group 1: Digital Asset Strategy - The addition of XRP follows previous purchases of Bitcoin, Ethereum, and Cardano, reflecting a disciplined approach to building a diversified digital asset portfolio [2][3] - The company aims to integrate digital assets into its broader strategy, merging innovative technologies with its established strengths in insurance and financial services [3][10] - Reliance emphasizes the importance of secure custody, transparent oversight, and regulatory compliance in managing its digital assets [3][10] Group 2: XRP Characteristics - XRP is the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments [2] - Key features of XRP include transaction settlement in 3-5 seconds, low transaction fees, partnerships with global banks for liquidity management, scalability of over 1,500 transactions per second, and energy efficiency compared to proof-of-work blockchains [5][6] Group 3: Long-term Vision - The company believes that the disciplined diversification into digital assets will capture the transformative potential of blockchain technology and drive long-term shareholder value [3][6] - Reliance's strategy includes balancing innovation with prudent governance and compliance, aiming to enhance resilience, efficiency, and growth through blockchain participation [3][6]

Core Viewpoint - Reliance Global Group has made its first Bitcoin purchase as part of its Digital Asset Treasury initiative, marking a significant step in its digital asset strategy [2][3][5] Company Strategy - The acquisition of Bitcoin follows earlier investments in Ethereum and Cardano, creating a diversified portfolio of major blockchain assets [2][3][6] - Chairman and CEO Ezra Beyman described the Bitcoin purchase as a natural progression in building a resilient treasury [3] Investment Rationale - Reliance views Bitcoin as a store of value rather than a speculative asset, citing its capped supply of 21 million coins, strong security model, global liquidity, and growing institutional adoption as key reasons for the investment [4][5] - The company highlighted that Bitcoin processed approximately $19 trillion in transactions in 2024, more than doubling from the previous year, indicating rising usage [4] Broader Digital Asset Initiative - The company's digital asset strategy includes holding Bitcoin, Ethereum, and Cardano, which provides exposure to payments, smart contracts, and decentralized finance [6][12] - Reliance emphasizes compliance, transparency, and secure custody as central to managing its digital assets [7] Industry Context - Reliance joins a growing list of Nasdaq and NYSE-listed companies that have added Bitcoin to their balance sheets, reflecting a shift towards blockchain innovation in traditional financial services [8][13] - The company's move is seen as a hedge strategy and may signal that more small-to-midsized firms could consider adding crypto exposure [10] Future Outlook - Reliance indicates that further acquisitions may follow as it expands its digital asset focus beyond treasury management, while maintaining regulatory compliance [11] - The current holdings of Bitcoin, Ethereum, and Cardano are viewed as foundational to the company's strategy in adapting to financial technology [12][13]

Core Viewpoint - Reliance Global Group has completed its first purchase of Bitcoin under its Digital Asset Treasury initiative, marking a significant step in its strategy to diversify its treasury with top-tier digital assets [1][2][3] Group 1: Digital Asset Strategy - The purchase of Bitcoin is the third major step in Reliance's digital asset strategy, following earlier acquisitions of Ethereum and Cardano, reflecting a disciplined approach to diversifying its treasury [2][3] - Reliance's current crypto portfolio now includes Bitcoin, Ethereum, and Cardano, representing three of the largest blockchain networks [2][3] Group 2: Bitcoin's Role and Attributes - The company views Bitcoin as a foundational store of value rather than a speculative asset, highlighting its broad adoption, deep liquidity, and strong security [3][5] - Bitcoin is recognized for its limited supply of 21 million coins, robust network security, high liquidity, and growing institutional interest, with an estimated transaction volume of approximately $19 trillion in 2024 [5][3] Group 3: Strategic Goals and Governance - The CEO of Reliance emphasized the importance of creating a treasury that balances innovation, sustainability, and long-term value, with Bitcoin serving as a key component alongside Ethereum and Cardano [3][5] - Reliance aims to ensure governance, custody, and compliance remain paramount in its digital asset strategy, focusing on sustainable growth and long-term value for shareholders [3][5]

Core Viewpoint - Reliance Global Group, Inc. has declared a special cash dividend of $0.03 per common share, reflecting the company's commitment to rewarding shareholders while executing its growth strategy [1][2]. Financial Performance - The company has made significant progress in strengthening its financial performance and balance sheet over the past several quarters [2]. - The dividend payment is scheduled for December 2, 2025, to stockholders of record as of October 30, 2025 [1][4]. Shareholder Value - The special dividend is intended to deliver near-term value to shareholders, demonstrating the company's confidence in the sustainability of its business model [2]. - The disciplined approach to capital allocation includes a recently announced strategy for investing in digital assets, specifically Ethereum and Cardano, aimed at enhancing long-term treasury management and overall shareholder value [2]. Growth Strategy - The company remains focused on driving long-term growth through its Insurtech platform and agency network [2][4]. - Future capital allocation strategies, including potential dividends or other returns of capital, will be at the discretion of the Board [4].

Group 1: Super League Enterprise, Inc. - Super League Enterprise, Inc. announced a $10 million strategic equity investment from Evo Fund, leading to a sharp increase in its stock price [1] - Shares of Super League Enterprise rose 200% to $9.83 in pre-market trading following the announcement [1] Group 2: Other Notable Gainers - Professional Diversity Network, Inc. gained 88.8% to $5.40 in pre-market trading after a previous rise of around 4% [4] - STRATA Skin Sciences, Inc. rose 80% to $3.06 in pre-market trading after an 8% increase on Monday [4] - Jiuzi Holdings, Inc. jumped 50.9% to $1.69 in pre-market trading after a 5% gain on Monday [4] - New Era Energy & Digital, Inc. gained 47.2% to $0.8941 in pre-market trading after a surge of around 12% on Monday [4] - Better Home & Finance Holding Company increased by 30% to $64.95 in pre-market trading, following a 46% jump on Monday [4] - MicroCloud Hologram Inc. surged 29% to $7.17 in pre-market trading after announcing a breakthrough in quantum technology [4] - Cassava Sciences, Inc. rose 24.1% to $2.88 in pre-market trading after CEO Richard Barry purchased shares at an average price of $2.25 [4] - SES AI Corporation surged 10.3% to $2.04 in pre-market trading after a 17% increase on Monday [4] - Ballard Power Systems Inc. gained 8.3% to $3.12 in pre-market trading after a 5% rise on Monday [4] Group 3: Notable Decliners - Psyence Biomedical Ltd. dipped 19.6% to $3.65 in pre-market trading after a decline of around 5% on Monday [4] - Diginex Limited shares fell 17.7% to $14.60 in pre-market trading after a jump of over 30% on Monday [4] - Addentax Group Corp. declined 16.5% to $0.9021 in pre-market trading after gaining more than 30% on Monday [4] - Boxlight Corporation fell 15.5% to $4.03 in pre-market trading after a significant jump of 205% on Monday [4] - Reliance Global Group, Inc. dropped 15.5% to $0.9122 in pre-market trading after a 47% increase on Monday [4] - Qualigen Therapeutics, Inc. declined 14.1% to $4.75 in pre-market trading after a 95% jump on Monday [4] - Fly-E Group, Inc. fell 13.1% to $0.8773 in pre-market trading after announcing a securities purchase agreement [4] - Firefly Aerospace Inc. dropped 12.5% to $43.29 in pre-market trading after reporting a second-quarter loss [4] - Opendoor Technologies Inc. dipped 6.3% to $7.85 in pre-market trading after a 12% fall on Monday [4] - Symbotic Inc. fell 4.8% to $57.80 in pre-market trading after a gain of more than 6% on Monday [4]

Core Insights - Reliance Global Group has completed its first purchase of Cardano (ADA) as part of its Digital Asset Treasury initiative, enhancing its digital asset portfolio with a focus on scalable and energy-efficient blockchain technology [1][2] - The company aims to build a diversified portfolio of leading digital assets, starting with Ethereum and now Cardano, to pursue long-term capital appreciation and remain at the forefront of blockchain innovation in the insurance and financial services sector [2][6] Company Strategy - The addition of Cardano reflects Reliance's commitment to assets with strong fundamentals and long-term potential, emphasizing sustainability and community-driven governance [3][5] - Reliance intends to pursue its treasury strategy with discipline and oversight, guided by its Crypto Advisory Board to ensure governance, custody, and compliance align with best practices [3][6] Cardano's Features - Cardano is recognized for its research-driven foundation, energy efficiency, and real-world use cases, distinguishing it from many other blockchain projects [3][5] - Key benefits of Cardano include its energy-efficient proof-of-stake consensus mechanism, layered architecture for simplified upgrades, and a governance model that allows ADA holders to vote on proposals [5][6] Future Outlook - The company expects that building a diversified digital asset treasury may enhance long-term capital allocation and shareholder value, with plans to selectively expand digital asset positions over time [6][7] - Reliance believes that disciplined execution and oversight can mitigate risks inherent in blockchain markets while complementing its Insurtech capabilities and broader strategy [6][8]

Core Viewpoint - Reliance Global Group has initiated its Digital Asset Treasury initiative by acquiring Ethereum, marking the first step in building a diversified digital asset portfolio, with plans to include Bitcoin and Solana in the future [1][4]. Group 1: Digital Asset Strategy - The company aims to fund its digital asset activities through cash reserves and approved corporate financing tools, focusing on long-term capital appreciation via blockchain participation [2]. - Reliance has established a Crypto Advisory Board to oversee and guide its digital asset initiatives, ensuring effective risk management and governance [3]. Group 2: Management Statements - The CEO emphasized that the Ethereum purchase is a significant milestone, showcasing the company's commitment to enhancing operational systems for digital asset management, including custody and compliance [4]. - The company believes that blockchain technology is transforming finance and insurance, and the Crypto Advisory Board will provide necessary oversight for responsible execution of its digital asset strategy [4]. Group 3: Innovation and Integration - Reliance has a history of leveraging AI and innovative distribution models in insurance and aims to apply similar innovations within the blockchain ecosystem, positioning itself at the intersection of InsurTech and decentralized finance [4].

Core Viewpoint - Reliance Global Group, Inc. is expanding into the digital asset and blockchain sector, planning to invest up to $120 million in cryptocurrencies like Bitcoin, Ethereum, and Solana, while also exploring tokenization of insurance-linked assets [1][5]. Group 1: Strategic Expansion - The Board of Directors has approved a strategic initiative to build a diversified portfolio of leading cryptocurrencies, with an initial investment of up to $60 million, followed by an additional $60 million [1]. - A newly formed Crypto Advisory Board (CAB) will manage and oversee the digital asset treasury strategy and related initiatives [4]. Group 2: Technological Integration - Reliance aims to leverage its experience in insurance, fintech, and artificial intelligence to explore opportunities for tokenizing insurance-linked assets, potentially creating a new investment class [2][3]. - The company’s proprietary RELI Exchange platform and AI-driven capabilities will be utilized to enhance the blockchain ecosystem [5]. Group 3: Market Positioning - The initiative is expected to enhance shareholder value and position Reliance at the forefront of InsurTech and blockchain innovation, unlocking long-term growth opportunities [5]. - Reliance has a history of utilizing AI and data mining to deliver competitive insurance solutions, which will now be applied to the blockchain space [5].

Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing artificial intelligence (AI) and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [3] - The company's B2B InsurTech platform, RELI Exchange, offers independent insurance agencies a comprehensive suite of business development tools, enabling them to compete with larger national agencies while minimizing back-office costs [3] - Reliance also operates a B2C platform, 5minuteinsure.com, which employs AI and data mining to provide competitive online insurance quotes for auto, home, and life insurance within minutes [3] - The company manages a portfolio of retail insurance agencies across the United States, which are recognized leaders in their respective regions, offering a diverse range of insurance products [3] Upcoming Events - Ezra Beyman, Chairman and CEO of Reliance, will participate in the 27th Annual H.C. Wainwright Global Investment Conference from September 8 to September 10, 2025, at the Lotte New York Palace Hotel [1] - The company's presentation will be available on-demand for registered attendees starting September 8, 2025, at 7:00 AM Eastern Time [2] - Management will engage in one-on-one meetings with qualified investors throughout the conference [2]