- Janover Inc. (JNVR, Financial) acquires $5 million in Solana (SOL), doubling its holdings.
- The company plans to stake Solana to generate revenue and support the network.
- This investment is part of a broader strategy following a recent $42 million financing round.
Janover Inc. (JNVR), a Nasdaq-listed company, announced the acquisition of 44,158 Solana (SOL) tokens valued at approximately $5.0 million. This transaction increases their total Solana holdings to 83,084 tokens, which are currently valued at around $9.6 million.
As of April 11, 2025, Janover's key metrics include a Solana per Share (SPS) of 0.06, equating to $6.59 per share, representing a 109% growth from their last purchase. With approximately 1.5 million shares outstanding, the company emphasizes its commitment to integrating digital assets into its treasury strategy.
Following a recent $42 million financing round, Janover's plan to stake the newly acquired Solana tokens underscores their strategy to support the Solana network. The Board of Directors approved this digital asset treasury policy on April 4, 2025, aiming for long-term accumulation starting with Solana.
This strategic move allows Janover to operate Solana validators, generate additional revenue through staking, secure the network, and earn reinvestment rewards. Further details regarding this transaction will be available in upcoming regulatory filings.
