Solv Raises $10M to IPO Bitcoin Reserve to Drive Institutional Adoption of BTC Finance

Solv Raises $10 Million to Create Bitcoin Reserve to Promote Institutional Adoption of BTC Finance

Solv aims to offer an “on-chain MicroStrategy” model, referring to the software company founded by Michael Saylor that now holds nearly 500,000 BTC.

Author: Jamie Crowley | Edited by : Parikshit Mishra Updated: 13 March 2025, 11:25 UTC Published: 13 March 2025, 12:00 UTC

Important points:

• Solv has raised $10 million for its Bitcoin Reserve Offering (BRO) as it plans to create a $100 million BTC reserve.
• Solv intends to use the collected BTC in various income-generating instruments, such as liquid staking tokens.
• BRO may be of interest to institutions looking to invest in BTC as a store of value, similar to Strategy (now called MicroStrategy), but without the need to physically purchase and store it.

Bitcoin (BTC) staking platform Solv has raised $10 million for its Bitcoin Reserve Offering (BRO) as it seeks to create a $100 million BTC reserve.

BRO combines elements of traditional convertible bonds with cryptocurrency characteristics to facilitate institutional adoption of BTC financing, CoinDesk reported in an email obtained Thursday.

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Solv aims to offer an “on-chain microstrategy” model, referring to the software company founded by Michael Saylor, which currently holds nearly 500,000 BTC.

BRO may attract institutions that want to invest in BTC as a store of value, similar to Strategy (now called MicroStrategy), but without the need to physically purchase and store it. In addition, they may be looking for more active ways to invest in BTC to generate income.

Solv will channel the collected BTC into various income-generating instruments such as liquid staking tokens, as well as invest in decentralized finance (DeFi), real-world assets (RWA), and institutional financial products.

“This means that the Bitcoin Reserve owned by the Solv protocol will be active and productive, rather than sitting idle,” Solv said in a statement on Thursday.

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