Real estate financing platform Janover has purchased an additional $10.5 million worth of Solana, marking its latest push to adopt Strategy's crypto-stashing playbook, with a twist.
The company's purchase of 80,567 tokens marks its third Solana acquisition under its new digital asset treasury plan, enacted on April 4, according to a company statement released on Tuesday.
Solana is trading at $128, as of writing time, down less than 1% in the past day, according to CoinGecko data. The uplift follows President Trump's 90-day tariff pause, which has helped soothe investors’ jitters and ease recent volatility.
The latest acquisition puts Janover's total Solana holdings at 163,651.7 tokens, worth roughly $21.2 million.
“After building in the crypto industry for more than a decade, we are at a tipping point in mass DeFi adoption,” Janover CEO and Chairman Joseph Onorati said Tuesday in a statement. “We’re proud to be the first to introduce a digital asset treasury strategy in the U.S. public markets.”
Janover will begin staking its newly acquired Solana immediately, according to the statement.
Staking is a process by which cryptocurrency holders pledge their tokens to a blockchain in order to help secure the network. In exchange for locking up their assets, token holders receive rewards in the form of crypto token yield.
In the future, Janover aims to operate one or more of its own Solana validators, facilitating its plans to stake its treasury assets and earn rewards that it can use to fund its investments.
The company's latest move to add more Solana to its balance sheet comes as a rash of public companies have begun filling their corporate treasuries with cryptocurrencies à la Michael Saylor’s software firm, Strategy (formerly MicroStrategy).
Strategy has amassed approximately $45 billion worth of Bitcoin since it started buying in 2020.
Over the past few months, technology company Fathom Holdings and healthcare firm Cosmos Health are among those who have begun amassing Bitcoin stashes, while Canadian fintech firm DeFi Technologies added millions of dollars worth of altcoins Solana and CORE to its treasury last July.
They join a slew of public companies such as Bitcoin mining firm Marathon Digital Holdings, crypto exchange Coinbase, and technology companies such as Block and Tesla that have long counted Bitcoin or other cryptocurrencies among their reserve assets.
Janover’s latest acquisition comes soon after its board of directors approved the strategy to accumulate digital assets over a long period of time, beginning with Solana.
Janover shares finished the trading day priced at $74.45, up nearly 13% in the past 24 hours and 1,680% in the past month.
Edited by Sebastian Sinclair
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