BOCA RATON, FL - Janover Inc. (NASDAQ:JNVR), an AI-powered platform serving the commercial real estate industry with a current market capitalization of $94.19 million, announced a strategic partnership with cryptocurrency exchange Kraken. The collaboration, revealed Monday, will involve Kraken delegating a portion of its Solana (SOL) stake to validators operated by Janover, with over 4.5 million SOL, valued at approximately $500 million, currently delegated. The announcement comes as Janover’s stock has surged over 1,250% year-to-date.
The partnership aims to enhance Janover’s involvement in the Solana network and support its long-term treasury strategy, which includes Solana as a principal holding. This move is expected to generate validator revenue for Janover, aiding in funding operations and the continued accumulation of SOL.
Janover’s CEO, Joseph Onorati, who previously served as Chief Strategy Officer at Kraken, expressed enthusiasm about the renewed collaboration, emphasizing a shared commitment to advance the cryptocurrency sector.
This announcement follows Janover’s adoption of a treasury policy focused on economic exposure to the Solana ecosystem for its investors. Janover serves over one million web users annually, including stakeholders in multifamily and commercial property sectors, providing data and software subscriptions.
Additional details regarding the partnership will be disclosed in Janover’s forthcoming regulatory filings. This news is based on a press release statement.
In other recent news, Janover Inc. has expanded its cryptocurrency holdings by acquiring an additional 80,567 Solana (SOL) tokens, valued at approximately $10.5 million. This purchase brings Janover’s total Solana holdings to 163,651.7 tokens, valued at around $21.2 million, and is part of the company’s digital asset treasury strategy approved by its Board of Directors. The strategy follows a successful $42 million financing round, indicating a strategic deployment of capital into crypto assets. Janover’s move to acquire additional SOL is accompanied by plans to stake the newly acquired tokens, which is expected to generate additional revenue and support the Solana network.
The company’s treasury policy includes operating Solana validators, allowing Janover to stake its treasury assets and participate in securing the network while earning reinvestment rewards. This initiative is aimed at providing investors with economic exposure to the Solana ecosystem. The company’s recent acquisition has drawn comparisons to MicroStrategy’s adoption of Bitcoin, with Janover positioning itself to potentially mirror MicroStrategy’s strategy but with Solana as its reserve asset.
Analysts and investors have shown interest in Janover’s strategic pivot to digital assets, with firms like Pantera Capital and Kraken participating in the company’s recent financing efforts. This development has been met with positive market reactions, as Janover’s commitment to the Solana ecosystem and its strategic treasury policy are being closely watched by market observers. Further details regarding these transactions are expected in Janover’s forthcoming regulatory filings.
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