Zinger Key Points
- Janover boosts SOL holdings to 163,651 worth $21.2M, marking its third major crypto buy since launching its digital asset strategy.
- With SOL/share value up 120%, Janover begins staking newly acquired $10.5M in Solana to generate revenue and support the network.
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On Tuesday, Janover Inc JNVR announced the purchase of 80,567 Solana SOL/USD, valued at approximately $10.5 million.
This purchase marks the third execution under its newly adopted digital asset treasury strategy. This purchase brings Janover's total Solana holdings to 163,651.7, valued at approximately $21.2 million inclusive of staking rewards.
Also Read: Janover Buys $4.6 Million in Solana, Launches Crypto Treasury Strategy After $42 Million Raise
As of April 15, 2025, Janover had a total SOL of 163,651.7 and 1.5 million shares outstanding. SOL per Share (SPS) of 0.11 was worth $14.47. SOL/Share Growth (SPS Growth versus last purchase) was 120%.
Janover will begin staking its newly acquired SOL immediately, generating revenue while supporting the Solana network.
This marks another allocation of capital from the company's recently completed $42 million financing round.
The Board of Directors approved the company's new treasury policy on April 4, 2025, authorizing long-term accumulation of crypto assets starting with Solana.
The company also aims to operate one or more Solana validators, enabling it to stake its treasury assets, participate in securing the network, and earn rewards that can be reinvested.
Price Action: JNVR stock is up 4.67% at $69.02 in premarket at last check Tuesday.
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