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Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today announced that it has completed its first digital asset purchase under its recently launched Digital Asset Treasury ("DAT") initiative, acquiring Ethereum (ETH). The purchase represents the initial step in Reliance's broader plan to build a diversified digital asset portfolio, with future investments expected to include leading cryptocurrencies such as Bitcoin, Ethereum and Solana.
The Company plans to fund these activities through a combination of cash reserves and other approved corporate financing tools. Reliance's DAT initiative is structured to pursue long-term capital appreciation through blockchain-based participation.
As part of this strategy, Reliance has also formed a dedicated Crypto Advisory Board ("CAB") to guide management and the Board of Directors in the oversight, risk management, and execution of digital asset initiatives. The CAB will provide expertise on treasury management, blockchain integration, and governance practices critical to the Company's expansion into digital assets.
Posted In: RELI
