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Janover Buys $4.6M in $SOL to Kickstart Crypto Strategy
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The company just announced it has purchased approximately $4.6 million worth of SOL. This marks the first step in its newly adopted digital asset treasury strategy.
This move signals the serious commitment of Janover to the crypto space. Also, its goal of become a major player in the public markets when it comes to digital asset accumulation.
Janover Moves Fast with $4.6M SOL Buy and Staking Plan
The purchase of SOL is the company’s first use of funds from its recently completed $42 million financing round. And they’re not wasting any time—Janover plans to start staking its SOL position right away. This allows the company to generate revenue while helping to secure and support the Solana network. As the saying goes, they’re killing two birds with one stone.
CEO Joseph Onorati made it clear that Janover has big ambitions. “Our aim is to be the most efficient and transparent vehicle for crypto accumulation in the public markets,” he said. The company’s swift execution—making its first crypto purchase just days after a major restructuring—shows it’s not just talking the talk but walking the walk.
BREAKING: Janover (Nasdaq: JNVR) makes its first $4.6M $SOL purchase under a new crypto treasury strategy, and plans to begin staking immediately to earn yield and support the @solana network. pic.twitter.com/N38aYCNq4K
— SolanaFloor (@SolanaFloor) April 10, 2025
The strategy focuses on the long-term accumulation of crypto assets, starting with Solana. But that’s not all—Janover also plans to operate one or more Solana validators. This would let the company stake its SOL holdings, earn rewards, and reinvest those earnings back into its treasury, creating a steady cycle of growth.
Parker White, Janover’s COO and CIO, emphasized the importance of timing and precision. “Speed and clarity of execution are central to our model,” he said. “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.”
More About Solana
Grayscale Investments has added four Solana-based tokens—Jupiter (JUP), Jito (JTO), Helium (HNT), and Grass (GRASS)—to its Assets Under Consideration list for potential inclusion in future investment products. This move reflects Grayscale’s recognition of the growing significance of the Solana ecosystem within the broader crypto landscape.
– $JUP
– $JTO
– $HNT
– $GRASS pic.twitter.com/K2VExMLIjZ— SolanaFloor (@SolanaFloor) April 10, 2025
Jupiter and Jito, both native to Solana, are prominent decentralized finance (DeFi) applications, while Helium and Grass represent innovative projects leveraging Solana’s capabilities. By considering these tokens, Grayscale aims to offer investors exposure to emerging opportunities in the rapidly evolving blockchain sector.
Disclaimer
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April 11, 2025 at 08:04AM
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