📌 Quick Highlights:
- Janover adds 80,567 SOL ($10.5M) to its crypto treasury.
- Total holdings now 163,651.7 SOL ($21.2M) including staking rewards.
- Strategic staking partnership with Kraken announced.
- Janover stock (JNVR) has surged 1,732% since SOL pivot.
- Company rebranding as DeFi Development Corporation underway.
🧩 Strategic Shift to Digital Assets
Janover, a Nasdaq-listed commercial real estate software firm, announced the purchase of an additional 80,567 SOL, bringing its total Solana holdings to 163,651.7 SOL, valued at $21.2 million.
This move is part of Janover’s newly adopted digital asset treasury strategy, influenced by a majority acquisition by former Kraken executives earlier this month. The company plans to stake its holdings immediately to generate recurring revenue while strengthening the Solana ecosystem.
🤝 Kraken Partnership Strengthens Staking Presence
In a game-changing announcement, Janover revealed a non-binding letter of intent with Kraken, under which the crypto exchange will delegate a portion of its SOL — from a pool of over 4.5 million tokens — to Janover-run validators.
“Staking on Solana is a multi-billion dollar business,” Janover noted, positioning this as a revenue-generating arm and a key infrastructure play in the blockchain ecosystem.
🏗️ From Real Estate SaaS to Crypto-Focused Growth
Janover’s transformation doesn’t stop at digital asset accumulation. The firm is undergoing:
- A name change to DeFi Development Corporation
- A treasury policy centered on staking and validator operations
- Continued operation of its core SaaS real estate platform
- A $42M capital raise via convertible notes and warrants backed by Pantera Capital, Kraken, and others
Leadership includes:
- Joseph Onorati (CEO, former Kraken CSO)
- Parker White (CIO/COO, former Kraken Director of Engineering)
- Marco Santori (former Kraken CLO, new board member)
📈 Market Reaction
Janover’s strategic bet on Solana has paid off in the short term. Since the company began acquiring SOL in April:
- Stock price surged 1,732%
- Market cap now at $106.4 million
- JNVR closed at $74.45 on Tuesday, up 12.9%
🔮 What’s Next?
With Kraken’s backing and Solana validator income rolling in, Janover looks poised to:
- Expand its crypto validator infrastructure
- Increase SOL staking yields
- Set a precedent for publicly traded Web3 treasury models
📣 Final Thoughts
This bold pivot from traditional real estate tech to a Solana-centric Web3 strategy — paired with Kraken’s staking partnership — places Janover at the forefront of public company crypto adoption. If successful, it may well echo the MicroStrategy playbook — this time on Solana.
