Solv Protocol Bitcoin Reserve Program receives $11 million in institutional investment

BlockBeats News: On March 13th, according to official sources, Solv, a leading protocol in the Bitcoin ecosystem, launched an on chain Bitcoin Reserve Offering, with the first phase (BRO) successfully receiving $11 million in institutional investment. Last week, Solv announced the launch of the plan, aiming to achieve a scale of $100 million through BRO by 2025, with the aim of promoting the deepening adoption of Bitcoin in the global financial sector. The $11 million institutional investment marks a significant progress in the adoption of Bitcoin at the institutional level, not only demonstrating the trust of institutions in the Solv protocol, but also laying a solid foundation for the cross-border development of Bitcoin financial services.