Solv Taps DeFi for Institutional Bitcoin—$10M Raised to Scale Its Reserve
Solv Protocol, a platform focused on Bitcoin staking, announced that it had raised $10 million through its Bitcoin Reserve Offering (BRO). The funding is a step toward reaching its goal of building a $100 million on-chain Bitcoin reserve.
The raise comes as Bitcoin trades at roughly $83,562 on March 19, 2025, down 13% in the last month.
Unlike MicroStrategy, which holds 499,266 BTC as a passive investment, Solv takes an active approach.
Also read: Bitcoin Strategic Reserve Explained
The $10 million will be allocated to yield-generating assets in the form of liquid staking tokens, decentralized finance (DeFi) protocols, and real-world assets (RWAs), providing institutions with a managed alternative to direct Bitcoin custody.
Solv confirmed on X that the funds are already deployed on BNB Chain, generating yields through leading DeFi platforms. The system positions Bitcoin as a productive asset rather than a static holding.
Solv Introduces Institutional Tools with BRO
The project’s BRO pairs traditional finance concepts, like convertible bonds, with crypto innovation, drawing in institutions that are risk-averse to taking direct crypto exposure.
Investors deposit Bitcoin to receive SolvBTC, a token pegged 1:1 to Bitcoin, which can then be staked for yields through Solv’s Staking Abstraction Layer (SAL).
The protocol allows cross-chain staking, which was further developed through an integration with Soneium, Sony’s Ethereum Layer 2 network, as announced on March 6, 2025. The integration increases liquidity and rewards for SolvBTC holders, making it more useful.
Solv views the $10 million raise as the initial phase of a bigger plan to scale its reserve to $100 million. The company plans to roll out structured products and strengthen its ties with traditional finance on the BNB Chain.
Also read: Understanding the BNB Beacon Chain
With previous raises of $11 million in October 2024 and $6 million in 2023, the project’s total funding now stands at $27 million, supported by investors including Laser Digital and Blockchain Capital.Â
As of October 2024, the protocol held over 20,000 BTC ($1.3 billion) staked across 10 networks, showing its growing dominance in the Bitcoin finance (BTCfi) space.
Institutional Bitcoin Interest Fuels Solv’s Ambitions
The protocol’s plans are in line with the rising institutional demand for Bitcoin. BlackRock’s iShares Bitcoin ETF saw $436.9 million in inflows during Q4 2024, per quarterly filings, while U.S. President Donald Trump signed the Strategic Bitcoin Reserve into law on March 6, 2025, signaling regulatory support.Â
Also read; Trump’s Crypto Reserve Plan Faces Backlash Over Financial & Ethical Concerns
Despite Bitcoin’s recent volatility, its market cap presently stands at $1.65 trillion, a largely untapped pool for DeFi that Solv aims to take advantage of.
BRO success would redefine Bitcoin’s financial role from speculative asset to core institutional holding. Risks include smart contract vulnerabilities and regulatory uncertainty, but Solv manages these with Quantstamp and Certik audits.
If Solv hits its $100 million target, it could become the largest on-chain Bitcoin reserve by year-end, completely changing how institutions interact with cryptocurrency.
