Bitcoin (BTC) The SOLV stagnation platform has collected $ 10 million for its Bitcoin (BRO) reserve offer, since it aims to build a BTC reserve of $ 100 million.
Bro fuses aspects of traditional convertible bonds with crypto-national characteristics to boost the institutional adoption of BTC finances, according to an announcement sent by email shared with COINDESK on Thursday.
Solve is trying to offer a “chain microstrategia” model, referring to the software company founded with Michael Saylor that now has almost 500,000 BTC.
Bro can appeal to the institutions that wish to invest in BTC as a reserve of value similar to the strategy (since Microstrategy is now called) but without physically buying it and keeping it themselves. In addition, they can be looking for a more active form generating BTC investment performance.
SOLV will implement the BTC elevated to several vehicles generating performance, such as liquid tokes, and will invest in decentralized finances (DEFI), active real world (RWAS) and institutional finance products.
“What this means is that the Bitcoin reserve of Solvs protocol will be active and productive, instead of the BTC being inactive,” Solvition said in Thursday’s announcement.
