Janover Boosts Solana Holdings by 120% with $10.5M Purchase

Real estate-focused financial technology firm Janover has significantly increased its holdings in Solana, acquiring 80,567 Solana tokens for approximately $10.5 million. This purchase brings Janover’s total Solana holdings to 163,651.7 tokens, valued at around $21.2 million, including staking rewards. With this investment, the amount of Solana per each of the 1.5 million shares has reached 0.11 SOL, valued at $14.47, marking a 120% increase.

Janover plans to start staking the newly acquired Solana tokens immediately to generate additional revenue. This move follows the company's recent fundraising efforts, where it raised about $42 million through a convertible note and warrants sale. The investment was secured from a group of prominent investors, including Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners, and 11 angel investors. Concurrently, a team of former Kraken executives has taken control of the company, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO at Janover following the group’s purchase of over 700,000 common shares and all Series A preferred stock.

Janover’s decision to accumulate Solana, rather than Bitcoin, sets it apart from other companies that have chosen to add digital assets to their corporate treasuries. One of the most notable examples is Strategy, a publicly traded business intelligence company that has pivoted to acquiring as much Bitcoin as possible. Strategy now holds well over 2.5% of all Bitcoin that will ever be produced, leveraging debt to accumulate its holdings. Another example is Metaplanet, often referred to as “Japan’s MicroStrategy,” which also holds Bitcoin as a hedge against inflation and as part of a broader strategy to diversify and modernize its treasuries.

According to some analysts, this strategy of holding digital assets may soon pay off. Bitcoin is showing growing resilience to macroeconomic headwinds compared with traditional financial markets. However, not everyone is convinced that the trend will hold, with some analysts suggesting that as the trade war intensifies, Bitcoin may return to the list of risky assets, and investors may look for salvation in gold.