Fiserv earnings missed by $0.61, revenue fell short of estimates
Reliance Global Group Inc. (RELI) announced it has purchased Solana (SOL), the native token of the Solana blockchain, adding to its digital asset treasury holdings.
The acquisition expands the company’s cryptocurrency portfolio, which previously included Bitcoin, Ethereum, Cardano, and XRP. Reliance stated the purchase aligns with its strategy to build a diversified portfolio of digital assets.
According to the press release, Solana can process over 65,000 transactions per second with blocks confirming in approximately 400 milliseconds. The blockchain uses a hybrid architecture combining Proof-of-Stake with Proof-of-History consensus mechanisms.
"Solana’s combination of speed, scalability, and real-world utility makes it an important addition to our digital asset treasury," said Moshe Fishman, member of the Reliance Global Group Crypto Advisory Board and Director of Insurtech at Reliance.
The company operates platforms including RELI Exchange and 5MinuteInsure.com, focusing on insurance distribution through data-driven technologies.
Separately, Reliance confirmed a special cash dividend of $0.03 per share, payable December 2, 2025, to shareholders of record as of October 30, 2025.
"This dividend reflects our confidence in the Company’s financial strength and growth trajectory," said Ezra Beyman, CEO of Reliance Global Group.
The company’s announcement comes as it pursues integration of blockchain and artificial intelligence technologies with its insurance and financial services operations. Reliance stated its digital asset strategy operates under guidance from its Crypto Advisory Board.