Solv Protocol Bitcoin Reserve Plan Receives $11 Million in Institutional Investment

On March 13, according to official information, the leading Bitcoin ecosystem protocol Solv launched an on-chain Bitcoin reserve plan, and the first phase (BRO, Bitcoin Reserve Offering) successfully raised $11 million in institutional investment. Last week, Solv announced the launch of this plan, aiming to complete a $100 million scale through BRO by 2025, with the aim of promoting the deepening adoption of Bit in the global financial field. This $11 million institutional investment marks an important progress in the institutional-level adoption of Bit, not only demonstrating the institution's trust in the Solv protocol, but also laying a solid foundation for the cross-border development of Bit financial services.