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

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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.

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