On March 13, according to official information, Solv - the leading protocol in the Bitcoin ecosystem - has deployed a plan to reserve Bitcoin on the chain, with the aim of promoting the application of this digital asset in the global financial sector. In the initial phase, the Bitcoin Reserve Offering (BRO) program has successfully raised 11 million USD from investment organizations, marking an important step in expanding the presence of Bitcoin in financial services.
Solv's Bitcoin reserve plan is designed to attract the participation of large financial institutions, providing a transparent and efficient mechanism to manage digital assets on the blockchain. According to previous announcements, Solv aims to raise a total of 100 million USD through BRO by 2025. Achieving this goal will contribute to strengthening Bitcoin's position in the traditional financial system, while also creating momentum for investment organizations to apply blockchain technology to asset management activities.
With an 11 million USD investment from organizations, Solv not only receives the trust of the financial community but also lays a solid foundation for the development of Bitcoin-based financial services. The success of the initial phase also reflects the increasing trend of institutions in accessing and exploiting the potential of digital assets, especially in the context where Bitcoin is increasingly seen as a store of value and a long-term investment vehicle.
