Janover, a publicly traded real estate firm owned by former Kraken executives, has doubled down on its Solana strategy with another huge buy.
On April 15, the artificial intelligence powered real estate company announced it acquired 80,567 Solana (SOL), splashing $10.5 million to add to its holdings of the altcoin.
Having adopted a Solana treasury strategy earlier this month, Janover has made three SOL purchases, with the latest haul bringing its total holdings of the altcoin to 163,651.7. The firm’s Solana holdings currently stand at $21.2 million, including staking rewards, it said.
Janover’s board of directors approved the Solana treasury move on April 4, 2025—a pivot that authorized long-term accumulation of digital assets.
The company chose to start with SOL, taking a leaf from the playbook that has seen Strategy, formerly MicroStrategy, become the world’s largest corporate holder of Bitcoin (BTC).
While other companies such as Canada-based Sol Strategies have adopted a Solana treasury strategy, Janover is bidding to become the biggest corporate holder of the altcoin in the United States. In addition to regular stacking of SOL, the company is targeting the operation of one or more Solana validators amid the push to benefit further from staking.
Former Kraken execs Joseph Onorati and Parker White are overseeing this traction, with Onorati the chairman and chief executive of Janover and White at the helm as the chief investment officer and chief operating officer.
Previously, Onorati worked as Kraken’s chief strategy officer while White held the position of engineering director at the crypto exchange.
Janover’s new management team raised $42 million via a convertible notes offering, with the raise announced on April 7, 2025.
According to the update, the company plans to use the funds to enhance its digital asset treasury strategy. Major venture capital firms and crypto companies participated in the sale, including Pantera Capital, Kraken, Arrington Capital, The Norstar Group, and Third Party Ventures. Janover also said the initiative attracted 11 angel investors.
