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14 October, 2024

Solv Protocol Raises $11M to Expand Bitcoin Staking Reach

14 October, 2024

Solv Protocol Secures $11 Million to Fuel Bitcoin Staking Growth

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Solv Protocol, a leading provider of Bitcoin staking solutions, has announced a successful $11 million funding round. This investment will fuel the company’s mission to expand its SolvBTC product, which currently boasts over 20,000 BTC staked, representing a value exceeding $1.24 billion. The funds will be used to further develop and deploy SolvBTC across 10 major blockchain networks, providing users with even greater accessibility and security for their Bitcoin holdings.

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SolvBTC offers a secure and user-friendly way for individuals and institutions to earn rewards by staking their Bitcoin. The platform leverages advanced technology and partnerships with leading validators to ensure the highest level of security and efficiency. With its expanded network reach, Solv Protocol aims to empower a wider audience to participate in the growing Bitcoin staking ecosystem.

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The $11 million investment underscores the growing interest in Bitcoin staking as a reliable and lucrative way to generate passive income. Solv Protocol is committed to driving innovation in this space and making Bitcoin staking accessible to all.