SoFi CEO enters prepaid forward contract on 1.5 million shares
Janover Inc. (Nasdaq: JNVR) announced today that it has partnered with BitGo, a leading crypto infrastructure provider offering trading, staking and qualified custody, to accelerate the Company’s Solana (SOL) accumulation strategy.
Through this partnership, Janover will work closely with BitGo’s OTC desk, which has facilitated billions in trading volume to date, to source discounted locked SOL — a specific class of token inventory not available through traditional exchanges. BitGo will serve as Janover’s channel for acquiring these locked tokens, which will be held long term and staked to increase SOL per share for investors.
Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups. These tokens cannot be transferred on-chain until their unlock period expires, but can still be bought and sold over-the-counter between qualified parties.
BitGo is uniquely positioned to unlock value in this corner of the market due to its custody relationships and data visibility into where locked SOL sits, who holds it, and when it will become liquid. This gives Janover targeted access to discounted long-term SOL supply that may otherwise be difficult to source.
Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups. These tokens cannot be transferred on-chain until their unlock period expires, but can still be bought and sold over-the-counter between qualified parties.
BitGo is uniquely positioned to unlock value in this corner of the market due to its custody relationships and data visibility into where locked SOL sits, who holds it, and when it will become liquid. This gives Janover targeted access to discounted long-term SOL supply that may otherwise be difficult to source. All SOL acquired through BitGo will be held for the long term and staked to earn yield via Janover-operated validators.
“BitGo’s access to locked token markets gives us an efficient way to accumulate discounted SOL and execute on our treasury strategy,” said Joseph Onorati, CEO of Janover.
BitGo’s full-service platform provides trading and staking directly from insured, qualified custody across both liquid and locked token markets, making it an ideal partner as Janover continues to expand its SOL treasury position. BitGo’s industry-leading Solana solution built for reliability and scalability, will secure Janover’s long-term positions acquired through this partnership, reinforcing Janover’s role as a public-market accumulator aligned with the Solana ecosystem.
The partnership is part of Janover’s broader strategy to provide investors with transparent exposure to Solana via a public equity vehicle. The Company most recently announced that it holds over $21.2 million in SOL and intends to continue expanding its position in the coming quarters.