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Investing.com -- Shares of Janover Inc. (NASDAQ:JNVR) soared 13.5% following the company's announcement of purchasing additional Solana (SOL) tokens, reflecting a bullish investor sentiment on its digital asset treasury strategy. The commercial real estate marketplace operator's stock movement comes after a recent acquisition by a consortium of crypto industry leaders, marking a strategic pivot to incorporate digital assets into its treasury.
Janover reported the acquisition of 44,158 SOL, valued at approximately $5.0 million, as part of its ongoing strategy to accumulate cryptoassets. This purchase increased the company's total Solana holdings to 83,084 SOL, worth an estimated $9.6 million. The move is a follow-up to the company's $42 million financing round intended to capitalize on favorable market conditions.
The company's new treasury policy, approved by the Board of Directors on April 4, 2025, includes plans to operate Solana validators, which will allow Janover to stake its treasury assets and participate in securing the network. The immediate staking of the newly acquired SOL is expected to generate additional revenue.
Last week's announcement of Janover's shift towards a digital asset treasury strategy resulted in an collosal surge in its stock price. The company's successful capital raise of approximately $42 million through convertible notes and warrants drew significant attention from the crypto investment community. The notes, with a 2.5% annual interest rate, are convertible into common stock once Janover's market capitalization reaches $100 million, with a minimum conversion price of $4.81.
Investors have responded positively to Janover's strategic move, likening it to MicroStrategy's adoption of Bitcoin. The company's focus on the Solana ecosystem positions it to potentially mirror MicroStrategy's status with Bitcoin, but with Solana as its reserve asset.
Janover's aggressive investment in Solana and its commitment to supporting the network through staking and operating validators underscore its strategic pivot to a digital asset-focused treasury policy. As the company continues to deploy its capital in the crypto space, market watchers will be keen to observe the impact of these investments on its financial performance and shareholder value.
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