Anusuya Lahiri
Tue, Apr 15, 2025, 4:31 AM 1 min read
In This Article:
On Tuesday, Janover Inc (NASDAQ:JNVR) announced the acquisition of 80,567 Solana (CRYPTO: SOL), valued astatine astir $10.5 million.
This acquisition marks the 3rd execution nether its recently adopted integer plus treasury strategy. This acquisition brings Janover's full Solana holdings to 163,651.7, valued astatine astir $21.2 cardinal inclusive of staking rewards.
Also Read: Janover Buys $4.6 Million successful Solana, Launches Crypto Treasury Strategy After $42 Million Raise
As of April 15, 2025, Janover had a full SOL of 163,651.7 and 1.5 cardinal shares outstanding. SOL per Share (SPS) of 0.11 was worthy $14.47. SOL/Share Growth (SPS Growth versus past purchase) was 120%.
Janover volition statesman staking its recently acquired SOL immediately, generating gross portion supporting the Solana network.
This marks different allocation of superior from the company's precocious completed $42 cardinal financing round.
The Board of Directors approved the company's caller treasury argumentation connected April 4, 2025, authorizing semipermanent accumulation of crypto assets starting with Solana.
The institution besides aims to run 1 oregon much Solana validators, enabling it to involvement its treasury assets, enactment successful securing the network, and gain rewards that tin beryllium reinvested.
Price Action: JNVR banal is up 4.67% astatine $69.02 successful premarket astatine past cheque Tuesday.
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This nonfiction EXCLUSIVE: Janover Scoops $10.5 Million Of Solana Under New Treasury Strategy primitively appeared connected Benzinga.com
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