Solv Protocol Token Performance

Solv Protocol token was one of the best-performing tokens in the crypto industry after the developers raised $10 million in the first Bitcoin Offering.

Price Surge

Solv Protocol (SOLV) price rose for the second consecutive day, reaching a high of $0.0527, marking its highest level since February 1. It has now surged by nearly 80% from its lowest level this year, giving it a market cap of over $75 million.

Bitcoin Reserve Offering

In a statement, Solv Protocol said that it had completed the first Bitcoin Reserve Offering (BRO), raising $10 million in funding. This is part of the network’s process of raising $100 million for a protocol-owned Bitcoin (BTC) Reserve.

The BRO combines the strengths of convertible bonds with crypto-native features to accelerate institutional adoption of Bitcoin finance.

According to Solv, some of the funds raised will be deployed in yield-generating scenarios, including the SolvBTC Liquid Staking Tokens and vaults.

> “We are excited about the success of our first Bitcoin Reserve Offering, reflecting the unwavering confidence our investors have in our vision for institutional Bitcoin finance. This $10 million raise is a significant moment in our journey to build the largest on-chain Bitcoin reserve and catalyze broader adoption of Bitcoin in the financial ecosystem.”

Recent Partnership

The new fundraising came a few weeks after Solv Protocol partnered with Soneium, a layer-2 network by Sony. Through this partnership, SolvBTC holders can now stake their assets, earn rewards, and access cross-chain liquidity within the growing Soneium ecosystem.

Solv Protocol Price Analysis


The four-hour chart shows that SOLV has been in a steady uptrend over the past few weeks. It recently broke above the key resistance level at $0.0473 — its highest swing on March 5 — and the upper side of the ascending triangle pattern.

Solv has moved above the 50-period moving average, while top oscillators like the Relative Strength Index and the MACD indicators have pointed upward. Therefore, the token will likely continue rising, with bulls targeting the 23.6% retracement point at $0.0677, up by 35% from the current level.