Summary
- Nasdaq-listed Reliance Global Group announced plans to purchase virtual assets worth up to $120 million.
- It said it will buy various virtual assets such as Bitcoin, Ethereum, and Solana.
- Reliance said the investment aims to build a top-level virtual asset portfolio and strengthen shareholder value.
The insurtech company 'Reliance Global Group', listed on Nasdaq, announced plans to purchase virtual assets (cryptocurrencies) worth up to $120 million.
On the 15th (local time), according to GlobeNewswire, Reliance said in a press release, "We plan to use up to $120 million to purchase virtual assets," and "We will buy various virtual assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)."
Ezra Baymen, CEO of Reliance Global Group, said, "We will strengthen shareholder value by building a top-level virtual asset portfolio."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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