Reliance Global Group has shifted its entire DAT into Zcash.
Despite the decline, the sell-off may be slowing.
Zcash [ZEC] may have spent the week bleeding nearly 20%, but not everyone is worried.
A new digital asset treasury (DAT) update has put good momentum behind the privacy coin, so there’s more than the price chart lets on.
Here’s the latest rundown.
Reliance Global Group has shifted its entire DAT into ZEC, exiting all other holdings. The decision came after a full strategic review led by its Crypto Advisory Board, which concluded that ZEC offered the strongest long-term value.
In a recent statement, the company talked of Zcash’s privacy features, Bitcoin-based architecture, and compliance-ready design as core advantages.
AMBCrypto previously reported that Zcash has surged massively over the past three months, so the company’s confidence isn’t completely unforeseen.
Ezra Beyman, Chairman and CEO of Reliance Global Group, said,
