Reliance Global Group (RELI) Announces Strategic Bitcoin (BTC) Purchase as Part of Digital Asset Treasury Strategy

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]