In the Bitcoin market, traditional giants dominate with large-scale self-held positions. Grayscale Investments has long-term reserves of massive amounts of Bitcoin through the Bitcoin trust GBTC; MicroStrategy, as of March 23, 2025, holds approximately 506,137 Bitcoins, with a total acquisition cost of about $33.7 billion; Coinbase, as one of the world's largest cryptocurrency custody platforms, holds over one million Bitcoins. These giants rely on their own funds or raised funds to directly purchase Bitcoin, establishing their market position with large holdings.
In contrast, Solv Protocol has carved out a differentiated path, with its core advantage in 'buying Bitcoin with other people's money,' that is, building an innovative model of user asset custody and profit sharing. Users deposit Bitcoin into the Solv Protocol platform for staking, and it currently manages approximately 26,000 Bitcoins, valued at over $2.48 billion, with a total value locked (TVL) exceeding $2.5 billion. The platform does not use its own funds to purchase Bitcoin, but rather attracts users to actively custody assets through technology and services. This light asset operation model cleverly avoids the financial pressure and price volatility risks associated with direct coin purchases.
The unique model of Solv Protocol is built on the foundation of 'user demand-driven + technology empowerment.' On one hand, its core product SolvBTC allows users to convert Bitcoin into a 1:1 pegged token, enabling participation in cross-chain DeFi activities to earn staking rewards; the Staking Abstraction Layer (SAL) simplifies the multi-ecosystem staking process, providing users with a one-stop shop for diverse earning strategies. On the other hand, the platform addresses the liquidity challenges of Bitcoin in DeFi applications through technological innovation and service optimization, meeting users' needs for additional returns while preserving value, thereby attracting more users to custody assets and forming a virtuous cycle of 'user asset custody - platform service value addition - attracting more users.'
From the perspective of strength and background, Solv Protocol has received over $25 million investment from well-known institutions such as Binance Labs and Blockchain Capital, providing a solid backing for its technology development and market expansion. At the same time, the team's profound accumulation in blockchain technology and cross-chain communication ensures the stability and innovation of platform services. This model of 'focusing on user assets, supported by technology and capital' allows Solv Protocol to avoid reliance on large-scale self-owned funds to purchase coins, but instead to activate users' idle Bitcoin assets, release market liquidity, and gradually expand its industry influence. With the continuous growth of liquidity and yield demand in the Bitcoin market, Solv Protocol is expected to become a new giant in the industry with this model, reshaping the asset operation pattern of the Bitcoin ecosystem.@Solv Protocol