On March 13, according to official information, Solv—a leading protocol in the Bitcoin ecosystem—launched its on-chain Bitcoin reserve initiative, aiming to drive the adoption of the digital asset in global finance. In its first phase, the Bitcoin Reserve Offering (BRO) successfully raised $11 million from institutional investors, marking a significant step in expanding Bitcoin’s presence in financial services.
Solv’s Bitcoin reserve plan is designed to attract major financial institutions by providing a transparent and efficient mechanism for managing digital assets on the blockchain. According to previous announcements, Solv aims to raise a total of $100 million through BRO by 2025. Achieving this goal would strengthen Bitcoin’s position in traditional finance while encouraging institutions to integrate blockchain technology into asset management.
With the $11 million investment from institutions, Solv has not only gained trust from the financial sector but also laid a strong foundation for the development of Bitcoin-based financial services. The success of this initial phase reflects the growing trend of institutional adoption and interest in digital assets, especially as Bitcoin continues to be recognized as a store of value and a long-term investment vehicle.