Janover announced on the 15th that it had purchased an additional 80,567 Solana tokens for approximately $10.5 million.
With this purchase, Janover's total SOL holdings will increase to 163,651.7 units, and the asset value, including staking rewards, will reach approximately $21.2 million.
Janover plans to immediately utilize its newly purchased Solana for staking, with the intention of generating additional revenue and strengthening its digital asset-based revenue model.
Prior to this investment, the company had raised approximately $42 million in funding, led by Pantera Capital, Kraken and Arrington Capital.
Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture
Partners and 11 angel investors participated in the round. Meanwhile, with this investment round, Kraken's former members will take over management of Janover, and the management team will
There have also been some changes. Kraken's former chief strategy officer, Joseph Onorati, has been named chairman and CEO of Jaynorber. The two companies have agreed to a joint venture of Jaynorber common stock.
Janover has acquired over 700,000 shares in the offering and all of its Series A preferred stock. Janover follows the recent trend of incorporating cryptocurrencies as part of corporate financial strategies, but is not yet in the mainstream.
Unlike companies that focus on Bitcoin, the company is notable for its intensive purchases of Solana and altcoins.
2025/04/17 15:19 KST
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