The goal of perhaps replicated strategy Bitcoin (BTC) Playbook, except with Solana (SOL), has Fintech Commercial Real Estate Platform Janover (JNVR) built a solar stack worth approx. 21 million dollars and seen its share price rise nearly 20 times in less than a month.
The company today bought another 80,567 sun -tokens worth about $ 10.5 million, which brought its total holdings to 163,651.
Janover places himself as the first listed US company with a Treasury strategy centered around Solana’s sun. Pivot came after a team of former leaders of the Crypto Exchange Kraken, led by Joseph Onorati and Parker White, bought the majority ownership of the company earlier this month.
The Board of Directors appointed Onorati, former Chief Strategy Officer for Kraken, as chairman and CEO of Janover. White, former engineering director at Kraken, serves as chief investment manager and CEO. Marco Santori, former Chief Legal Officer for Kraken, also joined Jano’s board of directors.
The company raised $ 42 million via convertible notes and warrants for its Solana acquisition plans and said it also aims to serve one or more validators to participate in Solana’s Proof-of-Stake Network.
Since its crypto-pivot, Janovers have gone bonkers: The share prices rose over 1,700% after the announcement in early April, when it traded about $ 4- $ 5 per year. Stock. That’s an additional 12% to $ 73.74 on Tuesday after the latest sun acquisition.
“After building the Crypto industry for more than a decade, we are at a rocking point in mass defi -admission. We are proud to be the first to introduce a digital asset tax strategy in the US public markets that originally focused on Solana,” Onorati said. “We have compiled an extraordinary team with deep digital assets and expertise in the public market to make it happen.”
Despite the crypto turn, Janover is not left his property nuts. The company’s artificial intelligence -driven commercial real estate platform will continue operations, led by founder Blake Janover and CFO Bruce Rosenbloom.
