Business
Janover Purchases Approximately $5.0 Million of Solana (SOL) as Part of New Treasury Strategy
BOCA RATON, FL, April 11, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”) announced today the purchase of 44,158 Solana
About this update from Defi Development Corp.
[{"type":"text","content":"BOCA RATON, FL, April 11, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”) announced today the purchase of 44,158 Solana (SOL) valued at approximately $5.0 million — the second execution under its newly adopted digital asset treasury strategy. This purchase brings Janover’s total Solana holdings to 83,084, valued at approximately $9.6 million. Below is a summary of Janover’s current SOL position and key per-share metrics as of April 11, 2025: Total SOL Held: 83,084$ Value of SOL Held: approximately $9.6 millionTotal Shares Outstanding: approximately 1.5 millionSOL per Share (“SPS”): 0.06, valued at $6.59 per shareSOL/Share Growth (“SPS” Growth vs. last purchase): 109% The Company will begin staking its newly acquired SOL immediately, generating revenue while supporting the Solana network. This marks another allocation of capital from the Company’s recently completed $42 million financing round and reflects management’s commitment to deploy capital efficiently when market conditions are attractive. The Board of Directors approved the Company’s new treasury policy on April 4, 2025, authorizing long-term accumulation of cryptoassets starting with Solana. The Company also aims to operate one or more Solana validators, enabling it to stake its treasury assets, participate in securing the network, and earn rewards that can be reinvested. Further details about the transaction will be included in the Company’s upcoming regulatory filings. About Janover Inc. Janover Inc. (Nasdaq: JNVR) has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). In adopting its new treasury policy, the Company intends to provide investors a way to access the Solana ecosystem. The Company’s treasury policy is expected to provide investors economic exposure to SOL investment. We are an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage. We currently serve more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financi...