Janover’s Solana Hoard Now Over 163K as Firm Accelerates Staking Strategy
Crypto News
Jamie Redman
Janover’s Solana Hoard Now Over 163K as Firm Accelerates Staking Strategy
Publicly traded firm Janover disclosed the acquisition of 80,567 SOL for $10.5 million in its latest announcement. The company added that it will “begin staking its newly acquired SOL immediately.”
Janover’s Solana Hoard Now Over 163K as Firm Accelerates Staking Strategy
From Nasdaq to Node Operator—Janover Stakes Its Claim on Solana
Janover Inc. (Nasdaq: JNVR), a publicly traded company that operates an artificial intelligence (AI)-powered online platform connecting the multifamily and commercial real estate industry, has purchased more solana ( SOL). It is the third acquisition of SOL made within the last month, and on April 15, Janover revealed it spent $10.5 million to acquire 80,567 SOL.
The company now holds a treasury of 163,651.7 SOL, valued at $21.2 million. Janover additionally revealed a 120% increase in its SOL/Share Growth (“SPS” Growth vs. last purchase). The announcement arrives on the heels of a takeover by a group composed entirely of former Kraken team members, who have acquired a controlling interest.
As part of the agreement, the firm noted that a future rebranding is in motion—both its name and ticker symbol will be changed, with the new identity set as DeFi Development Corporation, Janover stated on April 7. On Tuesday, the firm’s announcement noted that the newly acquired SOL would be staked “immediately.”
Janover’s approach mirrors that of Strategy (formerly Microstrategy), though tailored for a proof-of-stake (PoS) environment—allowing the SOL to be staked for yield, with those rewards eligible for reinvestment. The firm’s shares rose over 12% on Tuesday, and over the last five days, JNVR shares are up 138% against the greenback.
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