Reliance Global Group (RELI) Adds to Zcash (ZEC) Position, and Continues Implementing Its Institutional ZEC Adoption Strategy

LAKEWOOD, NJ, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today announced that it has deployed additional cash to increase its Zcash (ZEC) position. This additional allocation to the Company's Digital Asset Treasury ("DAT") reflects the Company's internal view that ZEC may be an institutionally adaptable and technologically resilient privacy-enabled digital asset and may play a meaningful role in its long-term treasury strategy.

Zcash's dual architecture which combines transparent auditability with optional privacy in the Company's view supports its appeal to organizations seeking digital assets that can be implemented for regulated environments. Reliance's decision to add to its position reflects the Company's view that ZEC is supported by technology and a use-case-driven foundation that it believes aligns with long-term treasury and risk management objectives.

"Our increased allocation to Zcash stems from our continued analysis of how privacy-enabled digital assets fit within a modern treasury framework," said Moshe Fishman, Director of Insurtech at Reliance and a member of the Company's Crypto Advisory Board. "In our analysis, ZEC stands out to us because it combines optional transparency with a privacy model that is both deliberate and operationally practical. We believe it can provide institutions with flexibility while remaining compatible with robust governance and compliance requirements, and that balance is a key reason we chose to build on our existing position."

"As digital assets mature, we expect the market to place greater emphasis on tools that balance confidentiality with compliance, we believe Zcash is positioned at that intersection," said Ezra Beyman, Chairman and CEO of Reliance Global Group. "Adding to our position is a measured, strategic decision that demonstrates our belief in ZEC's long-term relevance. We see privacy as an essential component of modern financial infrastructure, not an optional enhancement, and ZEC is one of the networks we have evaluated that we believe approaches this challenge with real technical depth."

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 deploying additional cash to increase our Zcash (ZEC) position and actively managing that position may support our long-term Digital Asset Treasury strategy and, over time, 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, may position Reliance to benefit as institutional and commercial adoption evolves; and (v) other statements regarding our future financial and operating performance, business strategy, digital asset and blockchain initiatives, capital allocation priorities 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; risks associated with our Digital Asset Treasury strategy, including the risk that our increased ZEC allocation does not achieve its intended objectives;  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. Nothing in this press release should be construed as investment, legal, accounting or tax advice, or as a recommendation to buy, sell or hold any security or digital asset, including Zcash (ZEC). Investors and other readers should make their own independent evaluation of any digital asset or security and consult their own professional advisors as needed.

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 experienced, and may continue to experience 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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