Janover Stock Soars 1,700% After $21M Solana Investment and Crypto Pivot

Fintech commercial real estate firm Janover (JNVR) has seen its stock price surge nearly 1,700% this month after pivoting to a crypto-focused strategy centered on Solana (SOL). The company recently purchased an additional 80,567 SOL tokens worth $10.5 million, boosting its total holdings to 163,651 SOL—valued at approximately $21 million.

Janover now positions itself as the first publicly-traded U.S. company with a treasury strategy anchored in Solana, mirroring the playbook used by MicroStrategy with Bitcoin. The shift follows a leadership overhaul earlier this month, when a group of former Kraken executives acquired majority ownership of the firm. Joseph Onorati, Kraken's former chief strategy officer, now leads Janover as chairman and CEO, while Parker White, ex-engineering director at Kraken, serves as COO and chief investment officer. Former Kraken CLO Marco Santori has also joined Janover’s board.

To fund the Solana strategy, Janover raised $42 million through convertible notes and warrants. It also plans to run one or more validators to support Solana’s proof-of-stake network. Following these announcements, Janover shares jumped from around $4 to over $73, gaining another 12% on Tuesday after the latest SOL acquisition.

CEO Onorati emphasized the firm’s long-term DeFi outlook, stating, “After building in crypto for over a decade, we’re at a tipping point for mass DeFi adoption. We’re proud to pioneer a Solana-based digital asset treasury strategy in the U.S. public markets.”

Despite the pivot, Janover will continue operating its AI-driven commercial real estate platform under founder Blake Janover and CFO Bruce Rosenbloom, maintaining its roots while embracing a crypto-forward future.