Reliance Global Group, a company listed on Nasdaq under the ticker RELI, has announced fundamental changes in its corporate and financial strategy, now focusing on the cryptocurrency zcash (ZEC).
Yesterday, November 26th, RELI reported increased investment in this asset with a focus on: privacy As part of our plan to form a digital asset strategy based entirely on ZEC.
Reliance pointed out that Zcash’s architecture is based on a security model similar to Bitcoin and enhanced with optional privacy and selective disclosure, setting it apart from other ecosystems.
Its trading scheme provides transparency where required, while enabling confidential operations, a combination that meets current regulatory and institutional requirements.
Moshe Fishman, head of insurtech at Reliance and member of the company’s crypto advisory board, explained: “We have invested additional cash into our zcash position as ongoing analysis supports our decision to maintain ZEC as a key digital asset exposure within our treasury strategy.”
The company is also interested in ZEC It is explained by the excellent performance that the asset has shown. In the past 12 months, the cryptocurrency has registered an 800% rise.
At the time of publication of this note, zcash for transactions over $500:
Reliance is not the only company adding zcash to its treasury. As reported by CriptoNoticias, Leap Therapeutics (now called Cypherpunk Technologies) has completely changed its strategy and started acquiring ZEC.
The company allocated $50 million to acquire over 203,000 coins, Aiming to recover 5% of total ZEC supply. To finance this plan, the company plans to use equity issuance and debt-based financing schemes.
(Tag Translation) Altcoin
