"US-listed Janover to Stockpile Solana... Raises $42 Million"

Source
Son Min

Summary

  • Janover announced plans to stockpile Solana as a key strategic asset.
  • Janover plans to purchase Solana with $42 million raised from Kraken, Pantera Capital, and other investors.
  • Currently, Solana's price is $101 on the Binance USDT market, down 14.03% from 24 hours ago.

Nasdaq-listed Janover (Ticker: JNVR) plans to stockpile Solana (SOL).

On the 7th (local time), Joseph Onorati, CEO of Janover, stated in an interview with CNBC, "Bitcoin (BTC) is the strongest store of value, but Solana is the foundation of a high-performance financial system," and added, "We will stockpile Solana as a key strategic asset of the company." He continued, "We plan to purchase Solana immediately," and "To this end, we have raised $42 million from multiple investors, including Kraken and Pantera Capital."

Meanwhile, Janover plans to change its company name to 'DeFi Development Corporation' and also change its listing ticker.

As of 9:48 PM, Solana is trading at $101 on the Binance USDT market, down 14.03% from 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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