Zcash’s Dramatic Surge Over the Past 90 Days Underscores Rising Demand for Privacy-Enabled, Institution-Ready Digital Assets; Supports Reliance’s Focused Digital Asset Treasury Strategy
LAKEWOOD, NJ, Nov. 25, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance”, “we” or the “Company”) today announced that it has completed a strategic realignment of its Digital Asset Treasury (“DAT”), by consolidating its digital asset position into Zcash (ZEC). The Company has fully exited its prior holdings and reallocated the proceeds into Zcash, a leading privacy-preserving cryptocurrency built on Bitcoin’s foundational architecture.
This decision follows a comprehensive strategic review in which the Company along with Blake Janover, the Chaiman of the Crypto Advisory Board determined, after an in-depth assessment, that Zcash presented the most compelling opportunity for a long term digital asset treasury (DAT) strategy. The analysis emphasized that Zcash’s privacy-centric architecture built on the back of Bitcoin’s success, was a more exciting value proposition for shareholders than a diversified portfolio of institutionally adapted digital assets. “Many in Silicon Valley believe it’s the earliest days for Zcash, and the case is compelling,” said Mr. Janover.
Zcash combines robust security, optional privacy, and institutional-grade flexibility in a way that distinguishes it from other major blockchain networks. Its dual-transaction model, allowing both transparent and privacy-centric activity, provides organizations with confidentiality when needed while preserving the ability to meet regulatory expectations; it puts the control in the hands of the owners of the asset.
Zcash has also demonstrated notable resilience during a period of volatility and consolidation across the broader crypto market, underscoring the durability of its technology and the unique demand for privacy-enabled digital assets. Notably, Zcash has appreciated more than 1,200% over the past 90 days as of the date hereof, reflecting growing recognition of its technological advantages and expanding institutional relevance. Importantly, we believe this progress represents only the early stages of Zcash’s broader adoption curve, as its privacy architecture and compliance-ready design continue to gain traction across both enterprise and financial sectors. These attributes make Zcash a strong strategic fit for Reliance’s long-term Digital Asset Treasury, leading the Company to adopt a focused, single-asset approach. These strengths formed the basis of Reliance’s analysis and are captured in the following core attributes:
- Bitcoin-Based Architecture With Enhanced Privacy – Zcash maintains Bitcoin’s UTXO structure and fixed supply but integrates advanced, purpose-built privacy technology.
- Flexible Transaction Model – Users can transact transparently for auditability or use shielded transactions when confidentiality is required.
- Leadership in Zero-Knowledge Cryptography – Zcash pioneered zk-SNARK deployment, with upgrades like Sapling and Halo 2 making private transactions faster and more efficient.
- Compliance-Ready Selective Disclosure – Institutions can share transaction details with auditors or regulators without exposing sensitive data publicly.
- Enterprise-Grade Confidentiality – Zcash supports organizations managing competitive information, cross-border flows, or sensitive financial activity while maintaining strong governance alignment.
These factors, highlighted and validated through the Crypto Advisory Board’s review, collectively positioned Zcash as the Company’s most strategically aligned asset for the future of its Digital Asset Treasury.
“Our decision to consolidate our DAT into Zcash reflects a high-conviction belief in ZEC’s long-term potential and its unique position at the convergence of cryptography, compliance, and financial privacy,” said Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board and Director of Insurtech at Reliance. “Bitcoin introduced the world to decentralized digital money, but Zcash advances that foundation by delivering optional privacy in a way that we believe is both technologically superior and fundamentally aligned with institutional requirements. This move reflects the conclusions of a strategic reset undertaken by the Company, the CAB and our new CAB Chairman, Blake Janover, whose perspective brought renewed clarity and direction to our treasury strategy. Blake’s leadership played a central role in redesigning our strategy to be most aligned with our long-term objectives, and his deep experience in digital asset transformation and treasury strategy was instrumental in shaping this direction.”
“This strategic consolidation into Zcash reflects our commitment to clarity, discipline, and long-term value creation,” said Ezra Beyman, Chairman and CEO of Reliance Global Group. “As we evaluated the rapidly evolving digital asset landscape, it became clear that Zcash’s privacy architecture and institutional flexibility align more closely with our vision than a diversified crypto portfolio. Blake’s strategic insight and fresh perspective were instrumental in guiding this transition. We believe this focused approach positions Reliance to operate with greater clarity and seize the opportunities emerging in a rapidly transforming digital economy.”
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions and include, without limitation, statements regarding: (i) our expectation that consolidating our Digital Asset Treasury into Zcash (ZEC) and actively managing that position may support our long-term Digital Asset Treasury strategy and shareholder value; (ii) our belief that Zcash’s technology, including its privacy-preserving features and selective disclosure capabilities, may provide resilience and growth potential for our treasury portfolio; (iii) our expectation that our governance, custody, risk management and compliance processes will enable responsible management of ZEC and other digital assets, if any, within a public-company framework; (iv) our belief that our participation in the Zcash ecosystem, and in blockchain initiatives more broadly, positions Reliance to benefit as institutional and commercial adoption evolves; and (v) other statements regarding our future financial and operating performance, business strategy, technology initiatives (including blockchain and AI), capital allocation (including dividends), and execution.
These forward-looking statements are based on current expectations and assumptions, including, among others: (a) our ability to implement and adapt our Digital Asset Treasury strategy focused on Zcash (ZEC) as approved by the Board; (b) sufficient stability, liquidity and market infrastructure in cryptocurrency and blockchain markets, including the market for ZEC, to execute that strategy; (c) regulatory, accounting and tax frameworks that permit our participation in digital asset markets, including holdings of privacy-preserving cryptocurrencies such as Zcash; (d) the absence of material adverse changes in market, economic or regulatory conditions affecting digital assets generally or Zcash specifically; and (e) the availability of sufficient liquidity, retained earnings and other legally available funds to support any declared dividends, as determined by our Board in its discretion.
Actual results could differ materially from those anticipated due to risks and uncertainties, including, without limitation: volatility, illiquidity or declines in cryptocurrency markets generally and in the market for ZEC in particular; the concentration of our Digital Asset Treasury in a single digital asset; operational, custody, cybersecurity and other technological risks associated with acquiring, holding and transferring digital assets; changes in laws, regulations, accounting standards or enforcement priorities (including with respect to privacy-preserving cryptocurrencies, anti-money laundering and sanctions compliance) that adversely affect digital asset holdings, Zcash or blockchain initiatives; challenges integrating blockchain technologies, including Zcash, with our businesses; competitive pressures from Insurtech, blockchain or digital-asset market participants; our ability to declare, fund and pay dividends in the future, which are at the discretion of our Board and depend on, among other things, our results of operations, cash flows, capital requirements, debt covenants, and applicable law; risks associated with development, integration and governance of AI technologies, including data, ethics, regulatory and cybersecurity considerations; and other risks described under “Risk Factors” in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024 (as amended), our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities of Reliance Global Group, Inc. or any other person, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Any references to historical or past performance, including with respect to the price or market performance of Zcash (ZEC) or any other digital asset, are provided for illustrative purposes only and should not be relied upon as a guarantee of, or indication of, future results. Digital assets, including cryptocurrencies such as ZEC, involve a high degree of risk and have recently experienced periods of significant price volatility and market dislocation. Their value may fluctuate rapidly and could decline, including to zero. There can be no assurance that any current digital asset strategy will be successful or will achieve any particular outcome.
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