The Solv Protocol Bitcoin Reserve Plan has received an institutional investment of 11 million US dollars

According to official news, the leading Bitcoin ecosystem protocol Solv has launched an on-chain Bitcoin reserve plan, with the first phase (BRO, Bitcoin Reserve Offering) successfully obtaining $11 million in institutional investment. Last week, Solv announced the launch of this plan, aiming to complete a scale of $100 million through BRO by 2025, with the goal of promoting deeper adoption of Bitcoin in the global financial field.

This $11 million institutional investment marks significant progress in terms of institutional-level adoption for Bitcoin. It not only highlights institutions' trust in the Solv protocol but also lays a solid foundation for cross-border development of Bitcoin financial services.