Janover Buys More Solana, Pushes Crypto Strategy Forward

Janover, a software firm, has made headlines again with another bold move in the crypto space. The company recently disclosed the purchase of 80,567 Solana (SOL) tokens worth approximately $10.5 million. This marks Janover’s third major SOL acquisition as part of its growing digital treasury initiative. Massive Price Surge Fuels Strategic Investment The announcement followed a significant stock rally, with Janover shares hitting an all-time high of nearly $66. Although share prices slightly dipped in early trading the next day, the company has still enjoyed a staggering 1,200% surge this year. With this new buy, Janover’s total Solana holdings now stand at around 163,651 tokens—currently valued at approximately $21 million. The purchase was financed through a recent $42 million capital raise. Staking and Validator Plans in Motion Janover doesn’t plan to let its crypto assets sit idle. The firm intends to stake the newly acquired SOL, a move that will generate passive income and strengthen the Solana network. It also aims to operate one or more validators to enhance its participation in network security and receive staking rewards. The staking revenues will be reinvested into acquiring even more Solana, in line with the company’s long-term accumulation strategy. “Speed and clarity of execution are central to our model,” said Parker White, COO and CIO at Janover. “We plan to continue building our SOL position as we scale our strategy — and we believe today’s market conditions offered a compelling opportunity to take our first step.” Leadership Shift and Rebranding Ahead These developments come in the wake of a major leadership shake-up, as a group of former Kraken executives acquired majority control of Janover. The company is now focused on bridging the gap between traditional finance and decentralized systems. Earlier this month, the board approved a new treasury strategy focused on long-term crypto holdings. The plan starts with Solana but could potentially expand to other digital assets over time. Janover is also preparing to rebrand itself as DeFi Development Corporation and plans to change its stock ticker symbol to reflect this new direction. Growing Trend Among Corporates Janover’s aggressive crypto positioning echoes a broader trend among companies diversifying into digital assets. Worksport, for example, announced last year that it had added XRP to its treasury alongside Bitcoin. Solana, currently trading at about $132, has surged nearly 24% in the past week despite being down 30% year-to-date. The downturn has been attributed in part to wider market volatility triggered by changes in U.S. tariff policy.

Source: CryptoIntelligence