The Bitcoin Stage Platform (BTC) SOLV has raised $ 10 million for its Bitcoin reserve offer (Bro), as it aims to build a BTC reserve of $ 100 million.
Bro merges the aspects of traditional convertible obligations with crypto-swimming features to stimulate the institutional adoption of BTC Finance, according to an announcement sent by shared email with Coindesk on Thursday.
Solv tries to offer a “microstrategy on chain” model, referring to the software company based on Michael Saylor which now has nearly 500,000 BTC.
BRO can call on institutions that wish to invest in the BTC as a value store in a manner similar to the strategy (as microstrategy is now called) but without buying it physically and holding it themselves. In addition, they can look for a more active form generator of BTC investment.
SOLV will deploy high BTC on various yield generating vehicles, such as liquid layoff, and invested in decentralized finances (DEFI), real assets (RWAS) and institutional financial products.
“This means that the Bitcoin reserve belonging to the Solv protocol will be active and productive, rather than having the BTC seated inactive,” said Solv in Thursday’s announcement.
