TechFlow news, March 13 — According to CoinDesk, Bitcoin staking platform Solv has raised $10 million for its Bitcoin Reserve Offering (BRO), aiming to build a $100 million Bitcoin reserve.
BRO combines features of traditional convertible bonds with crypto-native functionality, designed to drive institutional adoption of Bitcoin finance. Solv is attempting to offer an "on-chain MicroStrategy" model, inspired by the software company founded by Michael Saylor (now renamed Strategy), which currently holds nearly 500,000 bitcoins.
BRO could appeal to institutions seeking to treat Bitcoin as a store of value, similar to Strategy, without having to directly purchase and hold Bitcoin themselves. Additionally, these institutions may be looking for more active forms of Bitcoin yield-generating investments.
