RELI (RELI)

Reliance Global Group (NASDAQ:RELI) has moved its entire digital asset portfolio into Zcash, consolidating from a diversified cryptocurrency strategy to a single-asset treasury focused on privacy. This decision followed a comprehensive review, which concluded that Zcash's privacy-centric architecture offers a more compelling long-term opportunity for shareholders. The company believes Zcash's dual-transaction model allows for both confidentiality and regulatory compliance, making it a superior value proposition.

Reliance Global Group, Inc. (NASDAQ:RELI) has moved its entire digital asset portfolio into Zcash, a privacy-focused cryptocurrency, following a comprehensive review by its crypto advisory team. This decision marks a significant shift from a diversified crypto strategy to a single-asset treasury approach, driven by Zcash's privacy technology and perceived long-term opportunities. The company believes Zcash's dual-transaction model, allowing both transparent and shielded transactions, provides superior value for shareholders and maintains regulatory compliance capabilities.

Reliance Global Group (NASDAQ: EZRA) completed an unregistered sale of 251,666 shares of common stock to White Lion Capital, LLC on August 4, 2026. The shares were sold at prices ranging from $2.79 to $2.90, generating approximately $716,000 in gross proceeds. After this transaction, the company had 1,601,770 shares of common stock issued and outstanding as of August 6, 2026.

Reliance Global Group reported its Q2 2026 results, showing a narrowed net loss of $2.0 million, an improvement from $2.7 million in Q2 2025, and an adjusted EBITDA loss of $1.1 million. The company's commission income was $2.1 million, with $0.8 million in cash as of June 30, 2026. A key strategic milestone highlighted was the deployment of a proprietary AI agent for secure browser automation across its insurance operations.

Reliance Global Group (Nasdaq: EZRA) reported preliminary, unaudited financial results for Q2 2026, showing a net loss of $1,994,284 and an Adjusted EBITDA (AEBITDA) loss of $1,144,505. The company highlighted its strategic focus on leveraging a proprietary AI platform for secure browser automation to enhance insurance operations, aiming for improved productivity and potential commercialization opportunities. Despite the losses, the company noted a 26% improvement in net loss compared to the prior year and a 28% reduction in operating expenses.