Real estate fintech Janover doubles Solana holdings with $10.5M buy

Real estate fintech firm Janover acquired 80,567 Solana for $10.5 million, bringing its total SOL holdings to over $21 million.

Real estate-focused financial technology firm Janover has acquired 80,567 Solana tokens for roughly $10.5 million.

According to an April 15 announcement, with its latest purchase, Janover’s Solana

$SOL $128.15

holdings reached 163,651.7 — worth about $21.2 million, including staking rewards. With this investment, the amount of Solana per each of the 1.5 million shares reached 0.11 SOL, valued at $14.47 — an increase of 120%.

Investments, Real Estate, Solana

Janover stock price chart. Source: Google Finance

Janover plans to start staking the newly acquired SOL immediately to generate additional revenue. The announcement follows the company raising about $42 million with the expressed intent to enhance its digital asset treasury strategy.

The new capital was raised in a convertible note and warrants sale from Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners and 11 angel investors. At the same time, a team of former Kraken executives has taken control of the company.

Joseph Onorati, former chief strategy officer at Kraken, stepped in as chairman and CEO at Janover following the group’s purchase of over 700,000 common shares and all Series A preferred stock.