Janover Makes Bold Move into Solana, Stock Skyrockets After $21M Investment

Janover (JNVR), a commercial real estate fintech company, has made a major pivot by focusing its treasury strategy on Solana (SOL), positioning itself as the first U.S.-listed company to do so. The company, now led by a team of former Kraken executives, has amassed a $21 million Solana stack, propelling its stock price up nearly 20 times in just a month.

On Tuesday, Janover announced it had added 80,567 SOL tokens, worth around $10.5 million, bringing its total holdings to 163,651 SOL. This move marks a significant step toward making Solana a central part of its corporate strategy, aligning with the broader trend of digital asset adoption in corporate treasuries.

The pivot came after Joseph Onorati, former chief strategy officer of Kraken, and Parker White, former engineering director at Kraken, took over the majority ownership of Janover earlier this month. Onorati now serves as the company’s chairman and CEO, while White holds the roles of chief investment officer and COO. Marco Santori, the former chief legal officer at Kraken, has also joined Janover’s board.

To finance its crypto strategy, Janover raised $42 million via convertible notes and warrants, and plans to operate validators on Solana’s proof-of-stake network.

The company’s stock has seen explosive growth since announcing its new direction. Following the news in early April, Janover’s stock soared more than 1,700%, jumping from around $4–$5 per share to $73.74 on Tuesday after the latest Solana purchase.

“We are at a critical point in DeFi adoption, and we’re proud to be leading the charge with our Solana-focused digital asset treasury strategy in the U.S. public markets,” said Onorati. “With our experienced team and strong foundation in digital assets, we are set to drive significant value for shareholders.”

Despite the crypto pivot, Janover is not abandoning its commercial real estate focus. The company’s AI-powered platform, led by founder Blake Janover and CFO Bruce Rosenbloom, will continue to operate as part of its diverse strategy.