Shares of Janover (NASDAQ: JNVR) skyrocketed 842% on Monday after the commercial real estate marketplace operator unveiled a dramatic shift in its treasury strategy, announcing plans to hold digital assets—primarily the Solana (SOL) token—as part of its reserves.
The move follows a majority acquisition by a consortium of prominent crypto industry players, signaling a major strategic transformation for the company. Janover also disclosed a $42 million capital raise through the issuance of convertible notes and warrants, with participation from notable digital asset investors, including Pantera Capital, Kraken, and Arrington Capital.
The convertible notes, maturing on April 6, 2030, carry an annual interest rate of 2.5%, paid quarterly in arrears. The conversion feature activates once Janover’s market capitalization reaches or exceeds $100 million, with a minimum conversion price of $4.81 per share. The accompanying warrants provide the right to purchase additional shares at $120 and $150, with built-in anti-dilution and dividend protections.
Proceeds from the raise will be used to acquire digital assets, beginning with targeted investments in the Solana ecosystem. The company’s management framed the shift as an attempt to become the “MicroStrategy of Solana,” referencing the enterprise software firm’s high-profile adoption of Bitcoin as a treasury reserve asset.
Investor response was swift and substantial, sending Janover (NASDAQ: JNVR) shares soaring as markets embraced the company’s crypto-focused pivot. The sharp move underscores investors’ appetite for companies integrating blockchain and digital asset strategies into traditional business models.
Janover’s transformation marks a notable departure from its roots in commercial real estate, positioning the company to capitalize on the accelerating intersection of finance, blockchain technology, and decentralized ecosystems. Analysts suggest the development could set a new precedent for publicly traded firms reevaluating treasury strategies in a digital-first economy.
