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Reliance Global Group (RELI) Adds Solana (SOL) to Digital Asset Treasury, Expanding High-Performance Blockchain Holdings
Globenewswire· 2025-10-27 13:15
Core Insights - Reliance Global Group has acquired Solana (SOL), enhancing its Digital Asset Treasury initiative and expanding its portfolio of digital assets [1][2][3] - The addition of Solana follows previous investments in Bitcoin, Ethereum, Cardano, and XRP, reflecting a strategy to diversify across leading blockchain ecosystems [2][3] - Solana is recognized for its high transaction throughput, low costs, and a growing ecosystem of decentralized applications, making it a significant asset for Reliance [3][5] Company Strategy - The acquisition of Solana aligns with Reliance's long-term vision of integrating advanced technologies like blockchain and AI with its existing strengths in insurance and financial services [3][4] - Reliance aims to create long-term shareholder value through a disciplined approach to digital asset management and innovation [2][4] - The company has declared a special cash dividend of $0.03 per share, reflecting confidence in its financial strength and growth trajectory [4] Blockchain Ecosystem - Solana's blockchain capabilities include processing over 65,000 transactions per second, confirming blocks in approximately 400 milliseconds, and maintaining low transaction fees [5] - The network supports a diverse range of decentralized platforms and applications, contributing to its expansive ecosystem [5]
Reliance Global Group (RELI) Adds XRP to Digital Asset Treasury, Expanding Enterprise-Grade Blockchain Portfolio
Globenewswire· 2025-09-30 13:00
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]
Reliance Global Group Adds Bitcoin to Treasury Holdings
Ventureburn· 2025-09-30 07:32
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]
Reliance Global Group (RELI) Announces Strategic Bitcoin (BTC) Purchase as Part of Digital Asset Treasury Strategy
Globenewswire· 2025-09-29 17:00
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]
Reliance Global Group (RELI) Completes Initial Ethereum Purchase Under Digital Asset Treasury Initiative
Globenewswire· 2025-09-17 13:12
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].
Reliance Global Group (RELI) Announces its Strategic Expansion into Cryptocurrency and Blockchain-Enabled Insurance-Linked Assets
Globenewswire· 2025-09-15 13:15
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].
Reliance (RELI) - Prospectus
2025-08-27 21:29
As filed with the Securities and Exchange Commission on August 27, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) Mr. Ezra Beyman Florida 6411 46-3390293 ...
Reliance (RELI) - Prospectus(update)
2024-05-20 20:50
As filed with the Securities and Exchange Commission on May 20, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Pre-Effective Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) Registration No. 333-276536 Florida 524210 46-3390293 (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) I ...
Reliance (RELI) - Prospectus
2024-01-17 00:39
As filed with the Securities and Exchange Commission on January 16, 2024 Registration No. 333-________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FORM S-1 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) Florida 524210 46-3390293 Incorporation or Organization) Classification Code Number) Identification Number) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer 300 B ...
Reliance (RELI) - Prospectus(update)
2023-09-07 21:57
As filed with the Securities and Exchange Commission on September 7, 2023 Registration No. 333-271110 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 PRE-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) ...