Solv has raised 10 million dollars, with the goal of establishing a 100 million dollar BTC reserve

2025-03-13 16:54:34

Abstract generation in progress

In the latest TechFlow news, on March 13, according to CoinDesk, the Solv platform has raised $10 million for its Bitcoin Reserve Offering (BRO) to establish a $100 million BTC reserve.

BRO combines the features of traditional convertible bonds with native cryptographic functions, aiming to promote institutional adoption of Bitcoin finance. Solv is trying to provide an “on-chain MicroStrategy” model, referring to the model of the software company founded by Michael Saylor (now renamed Strategy), which currently holds nearly 500,000 BTC.

BRO may attract institutions that wish to use Bitcoin as a store of value, similar to Strategy, but without the need to buy and hold BTC themselves. In addition, these institutions may seek more active forms of Bitcoin revenue generation investments.

SOLV2,69%

BTC-0,3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.