Reliance Global establishes a digital asset treasury strategy, planning to invest $60 million in the first phase to purchase BTC, ETH, and others.
Foresight News reported that Nasdaq-listed company Reliance Global Group announced that its board of directors has approved a strategic expansion into the digital asset and blockchain sectors, and has established a digital asset treasury portfolio including BTC, ETH, and SOL. The company plans to purchase up to $60 million in digital assets in the first phase, followed by an additional purchase of up to $60 million, totaling up to $120 million. These assets will be managed by its newly established Cryptocurrency Advisory Board.
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