Reliance Global Group's Acquisition of Solana Enhances Digital Asset Portfolio, Faces Financial Challenges

Reliance Global Group has acquired Solana, enhancing its blockchain technology portfolio, adding to its existing collection of leading blockchain technologies. The company operates primarily in the financial services sector, focusing on insurance, but faces financial challenges, including a negative operating margin and a high debt-to-equity ratio. Its valuation metrics are also concerning, with a low price-to-sales ratio and a price-to-book ratio near its book value. The company faces risks, including regulatory changes in the insurance industry and competition from larger firms.