Janover Inc., a financial technology firm focused on real estate, has added more Solana tokens to its digital treasury. On April 15, the company bought 80,567 SOL for around $10.5 million.
This makes its Solana holdings stand at 163,651.7 tokens, currently valued at approximately $21.2 million. The company previously announced that it would construct a long-term crypto reserve, beginning with Solana.
Solana asset value hits $14.47 per share
This is Solana’s third big buy under Janover’s new treasury strategy. The company will stake the tokens acquired immediately. It will earn rewards by staking them, as well as contribute to securing the Solana blockchain. Part of the money that the company just raised, $42 million, will be used to finance such purchases.
Janover currently circulates approximately 1.5 million shares. The company now owns 0.11 SOL per share after the latest purchase. The asset value of each share is now approximately $14.47 in Solana alone. This is a 120% increase in SOL per share from the previous purchase.
On April 4, the board approved the treasury policy. It permits Janover to invest in crypto over time as well as to maintain one or more validators of SOL. Validators maintain the blockchain’s security as well as earn money.
Indirect Solana exposure for investors
This is Solana’s third big buy under Janover’s new treasury plan. The organization is going to stake acquired tokens immediately. It will earn rewards by staking, as well as contribute to supporting Solana’s blockchain. The organization will use part of the money that it just received, approximately $42 million, to cover these acquisitions.
Janover currently circulates approximately 1.5 million shares. With this recent purchase, the company now owns 0.11 SOL per share. This assigns to every share an asset value of approximately $14.47 worth of Solana alone. This is an improvement from the previous purchase by 120% in SOL per stock.
The board ratified the treasury policy on April 4. It enables Janover to build up crypto over time and even to have one or more SOL validators. Validators not only secure the blockchain but also earn money.
