In a definitive shift that demonstrates how even traditional businesses are now blending digital assets into their balance sheets, Janover Inc. (Nasdaq: JNVR) has made a second major foray into Solana (SOL), an ether competitor, as it builds out a crypto treasury.
The fintech and real estate capital markets platform announced on April 15 that it had acquired 80,567 additional SOL tokens for approximately $10.5 million. The purchase brings Janover’s total Solana holdings to 163,652, with a current market value around $21.2 million.
Today, we announced the purchase of 80,567 Solana (SOL) valued at approximately $10.5M.
Our current SOL position and key per-share metrics as of April 15, 2025 (inclusive of staking rewards):
– Total SOL Held: 163,651.7
– $ Value of SOL Held: ~$21.2M
– Total Shares Outstanding:…— defidevcorp (@defidevcorp) April 15, 2025
The decision signifies a substantial amplification of the firm’s placement in Solana, one of the most quickly burgeoning layer-1 blockchains in the ecosystem. Janover made its initial foray into the SOL market back in January and has since more than doubled its holdings, a move that clearly signals long-term confidence not only in the asset itself but also in the foundational utility of the corresponding blockchain.
Strong Metrics Reveal Growing Shareholder Value
Bobac was also a part of a BYU team that took second at last year’s prestigious International Videogrammetry Contest, hosted at the University of Stuttgart in Germany. This international contest pits teams from leading universities against each other in the challenge of generating three-dimensional models of real-world scenes using the two-dimensional imagery that a videogram captures. In essence, a videogram is an image taken from a video.
Even more impressive, the SPS number has grown by 120% since Janover’s first SOL buy, not only showing the scale of this new purchase but also the heft of Janover’s active treasury management. In his staking roll, Janover (is purported to be) putting Solana’s proof-of-stake ecosystem to work. Doing that compounds the treasury’s value and doing it in such a network represents a nice security play.
A representative of Janover said, “We consider digital assets to be a strategic layer of our treasury operations. This second purchase of Solana reinforces our belief in its long-term potential as a platform that is friendly to developers, has high throughput, and is increasingly being used in real-world applications. ”
Institutional Accumulation Heats Up: Galaxy Digital Joins the Party
Janover isn’t the only player in the institutional space that’s making waves with big Solana buys. Galaxy Digital, the crypto-first financial services firm headed by Mike Novogratz, has also made an enormous move just in the past 24 hours. According to on-chain data, Galaxy has pulled an additional 156,987 SOL (worth roughly $20.66 million) out of Binance in just two hours, which ramps its total Solana buy up to $28 million since yesterday alone.
🚨UPDATE: Galaxy Digital @galaxyhq has withdrawn an additional 156,987 $SOL ($20.66M) from @binance in the two hours, bringing its total withdrawals to $28M since yesterday. pic.twitter.com/3pL3yUpy1d
— SolanaFloor (@SolanaFloor) April 15, 2025
The speed at which Galaxy and Janover are building up their Solana positions is, apparently, sufficient to take the lid off an accumulating narrative that institutional interest in Solana is on the rise. Set aside for a moment what Solana has to offer as a technology. These latest high-profile institutional purchases are good for the Solana narrative in the court of public opinion.
A New Era for Corporate Treasuries?
Janover’s alliance with digital assets represents an impressive pivot in the corporate approach to treasury diversification. With inflation, macroeconomic uncertainty, and fiat currency volatility, many publicly traded companies are now looking to crypto (not just Bitcoin or Ethereum) as a legitimate store of value and operational asset.
In this context, Janover’s commitment to Solana is particularly interesting. Instead of going with the more traditional selections of BTC or ETH, the company is placing its bets on a newer, faster, and more scalable chain that has an enormous developer base and a rapidly expanding user base.
The real estate financial technology firm’s strategic shift into cryptocurrency isn’t merely a matter of market speculation. It’s a calculated maneuver to modernize its financial statements, interact more directly with up-and-coming financial architecture, and—most importantly—hike shareholder returns in a way that long-established treasury management tools might not permit. With SPS surfacing early as a Solana-based triple-digit growth vehicle and the Solana ecosystem continuing to broaden, Janover may have selected a path to an upward, longer-term corporate treasury shift.
It is yet to be seen if this method will serve as a model for other companies listed on the Nasdaq. What is clear, though, is that Janover is no longer a mere fintech firm—it is now a major player in the digital asset economy.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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