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Janover Purchases Approximately $10.5 Million of Solana (SOL) as Part of New Treasury Strategy
Janover Janover (US:JNVR) Newsfilterยท2025-04-15 12:00

Core Viewpoint - Janover Inc. has adopted a digital asset treasury strategy, focusing on accumulating Solana (SOL) as a key asset, reflecting a commitment to capital deployment in favorable market conditions [1][2][3] Group 1: Treasury Strategy - The Board of Directors approved a new treasury policy on April 4, 2025, allowing for long-term accumulation of cryptoassets, starting with Solana [2] - Janover intends to operate one or more Solana validators to stake its treasury assets, securing the network and earning rewards for reinvestment [2][3] Group 2: Current Holdings and Financial Metrics - As of April 15, 2025, Janover holds a total of 163,651.7 SOL, valued at approximately $21.2 million, including staking rewards [1][7] - The recent purchase of 80,567 SOL was valued at about $10.5 million, marking the third execution under the new treasury strategy [1] - The total shares outstanding are approximately 1.5 million, resulting in a SOL per share (SPS) of 0.11, valued at $14.47 per share, with a 120% growth in SPS compared to the last purchase [7]