This Fintech Just Doubled Its Solana Bag to $21M—What Do They Know?

Last Updated on April 17, 2025

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Solana SOL cryptocurrency physical coin. Source: Dennis - stock.adobe.com

Key Takeaways:

  • Janover has doubled its Solana holdings to over 163,000 tokens, now worth approximately $21.2 million.
  • The firm’s SOL per share has risen to 0.11, with shares now valued at $14.47—a 120% increase.
  • Recent leadership changes and a $42M capital raise support Janover’s Solana-focused digital asset strategy.

Janover, a real estate-focused fintech firm, has expanded its digital asset portfolio by purchasing 80,567 Solana (SOL) tokens worth around $10.5 million.

This acquisition brings its total SOL holdings to 163,651.7 tokens, now valued at approximately $21.2 million when including staking rewards.

As a result, each of Janover’s 1.5 million shares now holds 0.11 SOL, increasing the per-share value to $14.47—a 120% increase.

The company plans to immediately stake its newly acquired SOL to generate additional revenue.

This move aligns with Janover’s broader strategy to enhance its digital asset treasury, following a recent $42 million capital raise.

The funding came through a convertible note and warrants offering, with participation from Pantera Capital, Kraken, Arrington Capital, and others.

Alongside the funding, Janover underwent a leadership overhaul.

A group of former Kraken executives took control, with Joseph Onorati, Kraken’s ex-chief strategy officer, becoming chairman and CEO after acquiring over 700,000 common shares and all Series A preferred stock.

Janover’s strategy stands out by focusing on Solana rather than the more commonly held Bitcoin, setting it apart in the growing trend of corporate digital asset adoption.

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