365int
Real estate fintech firm Janover has significantly increased its investment in Solana (SOL), acquiring 80,567 tokens for approximately $10.5 million. This purchase brings Janover’s total SOL holdings to 163,651.7 tokens, valued at over $21 million, including staking rewards.
Janover’s latest acquisition follows a $42 million capital raise through convertible notes and warrants, with contributions from notable investors such as Pantera Capital, Kraken, and Arrington Capital. The company plans to stake the newly acquired SOL immediately, aiming to generate additional revenue and enhance its digital asset treasury strategy.
In tandem with this strategic shift, a team of former Kraken executives has taken control of Janover. Joseph Onorati, former Chief Strategy Officer at Kraken, has assumed the role of Chairman and CEO, signaling a new direction for the company’s operations.
Janover’s move to incorporate Solana into its treasury marks a departure from the more common corporate strategy of holding Bitcoin. By diversifying its digital asset holdings, Janover positions itself at the forefront of integrating blockchain technology into traditional financial models.
