Janover Embraces Saylor’s Tactics, Expanding SOL Investment to $20M Amid 1700% Stock Jump

Janover Shifts Focus to Solana Treasury, Stock Price Soars Following $21M Investment

Janover (JNVR), a fintech company with a focus on commercial real estate, has made a bold move to adopt Solana (SOL) as the cornerstone of its treasury strategy. Under the leadership of former Kraken executives, the company has accumulated a Solana stack valued at approximately $21 million and seen its stock price surge by nearly 20 times in under a month.

On Tuesday, Janover revealed that it had purchased an additional 80,567 SOL tokens worth around $10.5 million, bringing its total holdings to 163,651 SOL. This marks a significant milestone as Janover positions itself to be the first U.S.-listed company to build a treasury strategy based on Solana.

This pivot comes after a group of former Kraken executives, led by Joseph Onorati and Parker White, acquired a controlling stake in Janover earlier this month. Onorati, former chief strategy officer at Kraken, has now taken over as Janover’s chairman and CEO, while White, who previously served as Kraken’s engineering director, is now the company’s chief investment officer and COO. Marco Santori, former chief legal officer at Kraken, has also joined the company’s board.

To fund its Solana acquisition strategy, Janover raised $42 million through convertible notes and warrants. The firm also plans to participate in Solana’s proof-of-stake network by operating one or more validators.

The pivot has proven to be highly successful for Janover. After announcing its shift to a crypto-centric model, the company’s stock price soared more than 1,700%, climbing from around $4–$5 per share to $73.74 on Tuesday following the latest SOL purchase.

“We believe we are at a pivotal moment for DeFi adoption,” said Onorati. “We are thrilled to be the first company to implement a digital asset treasury strategy in the U.S. public markets, with Solana as the initial focus. Our experienced team is ready to execute this strategy and unlock tremendous value.”

Despite the shift toward cryptocurrency, Janover is not abandoning its real estate roots. The company’s AI-powered commercial real estate platform, led by founder Blake Janover and CFO Bruce Rosenbloom, will continue to operate, ensuring a balanced approach to both industries.