ChainCatcher news, according to CoinDesk, the Bitcoin staking platform Solv has raised $10 million for its Bitcoin Reserve Offering (BRO), aiming to establish a $100 million BTC reserve. Solv will deploy the raised BTC into various yield-generating tools, such as liquid staking tokens, and invest in decentralized finance (DeFi), real-world assets (RWA), and institutional financial products.Solv stated in a Thursday announcement: "This means that the Bitcoin reserves held by the Solv protocol will be active and productive, rather than letting BTC sit idle."BRO combines various aspects of traditional convertible bonds with crypto-native features to drive institutional adoption of BTC finance. Solv aims to provide a "on-chain MicroStrategy" model, and BRO may attract institutions looking to invest in BTC as a store of value in a manner similar to MicroStrategy, but without the need to purchase and hold it personally. Additionally, they may be seeking a more actively yield-generating form of BTC investment.

ChainCatcher news, according to The Block, the Bitcoin staking platform Acre has completed a $4 million strategic financing round, with participation from Draper Dragon, Big Brain Holdings, and Orange DAO.Acre co-founder and CEO Laura Wallendal stated that this round of financing was conducted in the form of a Simple Agreement for Future Equity and token subscription rights. Wallendal mentioned that the $90 million valuation represents the fully diluted valuation of the yet-to-be-launched ACRE token.Acre is a subsidiary of Thesis, a startup studio focused on Bitcoin, with supported projects including tBTC, Fold, and Mezo Network. Acre allows users to deposit their Bitcoin holdings to earn more Bitcoin or "compound" their Bitcoin. It achieves this through various methods, including deposit rewards. Acre's first vault partner is Mezo, a Bitcoin company.

ChainCatcher news, according to official sources, the Bitcoin staking platform Solv Protocol hinted at an upcoming SOLV token TGE, aimed at further unlocking the potential of the Bitcoin ecosystem.Previous news, the Bitcoin staking platform Solv Protocol completed a $11 million financing at a $200 million valuation, with participation from companies such as Laser Digital, Blockchain Capital, and OKX Ventures.