BlockBeats News, April 16th, U.S.-based publicly traded company Janover Inc. announced yesterday that it has increased its holdings by 80,567 SOL, worth approximately $10.5 million, marking the third execution of its latest digital asset treasury strategy. This new acquisition brings Janover's total Solana holdings to 163,651.7 SOL, valued at around $21.2 million (including staking rewards). The company will immediately start staking its newly acquired SOL to support the Solana network and generate income.
BlockBeats previously reported that on April 7th, the U.S.-based publicly traded company Janover stated that it had raised $42 million by issuing convertible notes and warrants to investors such as Pantera Capital, Kraken, Arrington Capital, among others. These funds will be used to purchase SOL as a financial reserve. The company's newly appointed Chairman and CEO, Joseph Onorati, revealed that the team plans to start "immediately" increasing its SOL holdings. Janover also plans to acquire validators (entities that help operate the Solana network and validate transactions), which can be used not only to acquire SOL tokens but also to "stake" them, meaning earning rewards by locking SOL tokens on the network.
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