Odaily News Janover, an operator of the real estate lending market, announced that it will adopt a digital asset reserve strategy, and the main holdings will be SOL tokens. Currently, a group of crypto industry leaders have acquired 728,623 common shares and 10,000 Series A preferred shares. The company intends to change its name to DeFi Development Corporation and modify its stock code.
Joseph Onorati, the new chairman and CEO of Janover, said that the team behind the company plans to start purchasing SOL immediately, but did not elaborate on the purchase schedule or method. In addition, it has raised $42 million through the issuance of convertible notes and warrants to acquire SOL. Investors include Pantera Capital, Kraken, Arrington Capital, etc. (CNBC)