Reliance, a US-listed company, sold its previously held digital assets and reallocated them to Zcash (ZEC).
TL;DR
Reliance Global Group sold its digital assets like ADA and ETH and reallocated the proceeds to Zcash, making it the company's crypto reserve asset for future treasury strategy.
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According to Foresight News , Reliance Global Group (NASDAQ: RELI), a US-listed company, announced that it has completed a strategic adjustment of its Digital Asset Treasury (DAT), positioning Zcash as the crypto reserve asset in the company's future digital asset treasury. The company stated that it has sold its previously held DAT assets and reallocated the proceeds to Zcash (ZEC), with the specific amount undisclosed.
According to a previous report by Foresight News , Reliance had previously purchased ADA and ETH as part of its DAT strategy, though the specific amount was not disclosed.