Janover Shifts Focus to Solana, Sees Major Growth in Stock Price
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Janover Incorporation, a U.S.-based company that specializes in commercial real estate tech, has made a major adjustment by investing heavily in the Solana (SOL). However, with a total holding of over 163,000 SOL tokens valued at around $21 million, the company is the first publicly traded U.S. company to build a treasury strategy centered on SOL.
To this end, this bold move, led by former Kraken executives, has led to a massive rise in Janover’s stock price—up over 1,700% in just a few weeks.
New Leadership Drives Solana Strategy
This strategic change began after a group of former Kraken crypto exchange leaders took control of Janover. Joseph Onorati, Kraken’s ex-chief Strategy Officer, was made CEO and Chairman of Janover. Alongside him, Parker White, another ex-Kraken executive, became Chief Investment Officer and COO. Marco Santori, previously Kraken’s legal chief, also joined Janover’s board. Together, they raised $42 million through convertible notes and warrants to fund their Solana-focused strategy.
However, with these funds, the company recently purchased over 80,000 additional SOL tokens worth about $10.5 million, bringing its total SOL holdings to more than 163,000. Also, Onorati has shared that the company believes the world is reaching a point in decentralized finance (DeFi) adoption, pand hopes to champion this space by using Solana for its digital asset treasury. At this point, Janover also plans to operate one or more validator nodes on the Solana network to support its proof-of-stake system.
Continued Growth in Real Estate Tech
However, despite the change in focus to crypto, Janover is not giving up on its real estate business. Its original platform, which uses artificial intelligence to support commercial real estate finance, will continue running. Blake Janover, the company’s founder, remains active along with CFO Bruce Rosenbloom.
Janover’s move shows how digital assets and traditional finance can work together. By combining its roots in real estate with a strong push into Solana, the company hopes to grow even more while leading innovation in both sectors.
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