> For the complete documentation index, see [llms.txt](https://docs.solv.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.solv.finance/key-products/bitcoin-reserve-offerings.md).

# Bitcoin Reserve Offerings

## What is Bitcoin Reserve Offering (BRO)?

Bitcoin Reserve Offering (BRO) is a structured crypto asset exclusive to institutional investors, giving them exposure to Bitcoin (BTC). It can be converted into a set number of SOLV tokens when it matures, offering a strategic way to invest in BTC’s growth.

## Growing Bitcoin's Value with BRO

* **BTC Exposure with SOLV Upside:** Gain access to Bitcoin’s $2.1 trillion market and convert to SOLV tokens at maturity, tailored for institutions.
* **Yield from a $100 Million Reserve:** Solv’s first on-chain, yield-generating BTC reserve earns returns across DeFi, Real World Assets (RWA), and institutional products.
* **Protocol Stability:** The reserve strengthens Solv’s foundation, providing a reliable hub for institutional Bitcoin finance.\
  BRO offers a dual benefit—BTC value and SOLV potential—designed for institutional portfolios.

## Key Details

* **Institutional Access Only:** BRO is available exclusively to institutional investors, ensuring a focused approach to large-scale investments.
* **Launch Plan:** Solv is starting with a $100 million Protocol-owned Bitcoin Reserve, split into 3 BROs. Each mints 42 million SOLV tokens for convertible note sales, with the 1st BRO now live, 2nd in Q2 2025, and 3rd in Q3 2025.
* **Allocation:** The reserve will invest in DeFi, RWA, and institutional products to maximize returns.