According to Foresight News, Nasdaq-listed Reliance Global Group has announced its board's approval for a strategic expansion into the digital asset and blockchain sectors. The company plans to establish a digital asset treasury, including investments in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
In the initial phase, Reliance Global Group intends to purchase up to $60 million worth of digital assets. This will be followed by an additional acquisition of up to $60 million, bringing the total potential investment to $120 million. The newly formed cryptocurrency advisory board will manage these assets.
This move marks a significant step for Reliance Global Group as it seeks to diversify its portfolio and capitalize on the growing digital asset market.
