“The FIRM, FORMERLY KNOWN as Janover, Continued It Buying Spree for Its Long-Term Crypto Holdings Acquire Loked Sol Tokens Behold Spot prices”, – WRITE: www.coindesk.com
The Purchase, Made Through Bitgo’s Over-The-Counter Desk, Includes a Tranche of Locked Sol. These are tokens typically tied to VESTING or BankRuptcy Proceedings that Can’T yet move on -chain but are cheaper than Spot prices.
“By gaining Access to Locked Discounted Inventory Through A Trusted Partner Like Bitgo, We’re ABLE TO ACCUMULATE SOME CEO JOSEPH ONTAATI SAID IN A STATEMENT.
Janover, WHICH WAS RENAMED TO DEFI DNELOPMENT EARLIER This Week, Began As A Real Estate Data and Software Company But Has Shifted to Position ItCelf As Uselic Company. to investors through it Balance sheet. The pivot happled after a group of former executives of Crypto Exchange Kraken, Including Onerati, Acquired a Majority Stake in the Firm Theis.
The Company Noted that with the Latest Purchase, Each of the Firm’s 1.5 Million Outstanding Shares Now Represents 0.22 Sol, Up 40% from Earlier Disclosures.
Corporations have been Buying Sol to Provide Tradfi Investors with Exposure to the Token, and this Trend Has Been Gaining Momentum Recently. SOL Strategies, The Publicly Traded Company HelMed by Ceo Leah Wald-Forormer Co-Funder of Digital Asset Manager Valkyrie Investments-Spearheaded The Movement. Earlier Today, The FIRM ANNUNCED THAT IT HAD Secured an Up to $ 500 Million Convertible Note Facility to Ramp Up Its Investments in the Solana Network.
Read More: Janover Takes Page from Saylor Playbook, Doubling Sol Stack to $ 20m As Stock Soars 1700%
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