US-listed company Janover increases its stake in Solana and reaches a pledge cooperation with Kraken
2025-04-16 10:41:53
According to The Block, Janover has purchased another 80,567 SOLs (approx. $10.50 million), bringing its total holdings to 163,651.7 SOLs (approx. $21.20 million). The company, which is controlled by a team of former Kraken executives, officially announced a strategic partnership with Kraken, which will entrust a portion of Solana's pledged interest to validator nodes operated by Janover. Janover plans to change its name to DeFi Development Corporation and will immediately begin pledging the newly acquired SOLs to generate earnings. Janover's share price has risen 1,732% since the implementation of the Solana acquisition strategy.
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