“The Nasdaq-Listed Company Now Holds Over $ 36 Million in Sol Since Adopting A Solana Treasury Strategy Earlier this month.”, – WRITE: www.coindesk.com
The Move Brings The Company’s Total Sol Holdings to 251.842, Including Staking Rewards, The Company SAID. That’s ValUED AT AT AUND $ 36.5 Million, with Sol Currently Trading AROUND $ 145.
Jnvr Shares Were Down 2.5% Today at $ 38.3, Well Below Last Week’s Peak Just Shy of $ 80. However, The Stock Is Still Up Over 800% Since Adopting The Crypto Treasury Strategy. Sol Advanced Nearly 5% Over The Past 24 Hours, with The Broader Crypto Market Climbing Higher.
The Purchase Was Part of the Boca Raton, Florida-Based Company’s New Crypto Bet to Position Itelf as the FIRST US-LITTED COMPANY WITH A Treasury Strategy Center.
As part of the strategy, the FIRM Seeks to Accuumulate Sol and Operate One or More Validtors to Secure the Blockchain. The pivot happled after a team of former executives of Crypto Exchange Kraken Boughties A Majority Stake in the Firm Earlier this MONTH.
Read More: Janover Takes Page from Saylor Playbook, Doubling Sol Stack To $ 20m As Stock Soars 1700%
The Purchase Was Made Using Funds From A $ 42 Million Financing Round The Company Completed Earlier this Year. Based on the Latest Figures, Each Share of the Company Represents 0.17 SOL, Up 62% from It Last Crypto Purchase, Account to the Press Release.
The Firm Will Also Change It Ticker to DFSV on the Nasdaq Exchange at A Future Date to Reflect Its New Name.
Last Week, The Company Announced A Strategic Partnership with Kraken with Plans to Delegate Part of the Exchange’s Sol Holdings To Stake To Validars Operated by Development Corp. The FIRM ALSO Teamed Up with Bitgo to Acquire Locked Tokens Via Over-The-Counciler Markets.
X Icon
