Overview
- The company announced on October 27 that it bought Solana, expanding a disclosed crypto treasury that now includes Bitcoin, Ethereum, XRP, and Cardano.
- Crypto advisory board member Moshe Fishman said Solana offers next-generation performance suited for real-world adoption and institutional-scale applications as part of a measured strategy.
- The move follows Reliance’s late-September disclosures of Bitcoin and XRP purchases, signaling a staged approach to building exposure across leading blockchain networks.
- Coverage highlights institutional interest in Solana tied to ecosystem growth in DeFi, NFTs, real-world-asset tokenization and anticipation around potential spot SOL ETFs.
- Reliance reaffirmed a special cash dividend of $0.03 per share payable on or about December 2 to shareholders of record as of October 30.