Janover, a Nasdaq-listed commercial real estate technology company, is making headlines with a major shift in its treasury strategy—one that puts Solana (SOL) at the center of its financial playbook. The company, recently acquired by a team of former Kraken executives, has just purchased an additional 80,567 SOL tokens for approximately $10,5 million. This brings Janover’s total Solana holdings to 163.651,7 SOL, now valued at about $21,2 million, including staking rewards.
A New Kind of Corporate Treasury
Janover’s pivot is notable for making it the first publicly traded U.S. company to focus its treasury reserves primarily on Solana, mirroring the high-profile Bitcoin strategy pioneered by MicroStrategy (now Strategy) but with a different digital asset. The company’s board approved this new approach on April 4, 2025, authorizing long-term accumulation of crypto assets, starting with Solana. The move follows a successful $42 million fundraising round, with backing from major crypto investors like Pantera Capital, Kraken, and Arrington Capital.
Staking for Revenue and Network Support
Janover isn’t just holding SOL—it’s putting those tokens to work. The company will immediately begin staking its newly acquired Solana, generating revenue while also supporting the security and operation of the Solana network. Staking rewards are expected to be reinvested, further growing Janover’s SOL position over time.
Strategic Partnership with Kraken
In a move that deepens its crypto roots, Janover has signed a non-binding letter of intent for a strategic partnership with Kraken, one of the world’s leading crypto exchanges. Under this agreement, Kraken will delegate a portion of its current and future Solana stake—currently over 4,5 million SOL (about $500 million)—to validators operated by Janover. This partnership is expected to provide Janover with a new revenue stream from validator operations, helping fund its business and expand its SOL holdings.
The collaboration is built on longstanding relationships: Janover’s new CEO, Joseph Onorati, previously served as Kraken’s Chief Strategy Officer, and other former Kraken leaders have joined Janover’s management and board.
Market Impact and Future Plans
Since announcing its Solana-focused treasury strategy, Janover’s stock has soared, rising over 1.700% in just a few weeks. The company’s market capitalization now exceeds $100 million, reflecting strong investor interest in its digital asset approach.
Janover plans to continue operating its core real estate SaaS business while expanding its digital asset activities. The company is also undergoing a rebrand to DeFi Development Corporation, signaling its commitment to bridging traditional finance and decentralized technologies.
Why This Matters
Janover’s strategy is part of a broader trend of companies diversifying their treasuries with digital assets. By focusing on Solana and leveraging partnerships with established crypto players like Kraken, Janover is positioning itself at the forefront of public company crypto adoption—potentially setting a new standard for how businesses can integrate blockchain assets into their financial operations.
