Janover Boosts Solana Holdings wiht $10.5 Million Purchase
Janover,a real estate firm with ties to former Kraken executives,has substantially increased its Solana (SOL) holdings. on April 15, the company announced it acquired 80,567 SOL, investing $10.5 million. This move brings its total SOL holdings to 163,651.7 SOL, valued at $21.2 million, including staking rewards.
Janover’s board approved this Solana treasury strategy on April 4, 2025. The firm aims to become the largest corporate holder of SOL in the U.S. by regularly stacking the altcoin and possibly operating solana validators.This strategy mirrors MicroStrategy’s approach with Bitcoin (BTC).
Joseph Onorati, Janover’s CEO and former Kraken chief strategy officer, and Parker White, the CIO and COO, are leading this initiative. They raised $42 million via a convertible notes offering on April 7, 2025. The funds will support the digital asset treasury strategy.
Key investors include Pantera Capital, Kraken, and Arrington Capital. Janover’s goal is to leverage Solana’s potential for long-term growth and staking benefits.
