The goal is to become the MicroStrategy of Solana for a small, publicly traded software firm.
After a group of prominent figures in the cryptocurrency business bought the majority of the company, Janover, a marketplace operator that links lenders and borrowers in the commercial real estate sector, is implementing a digital assets treasury strategy in which the Solana SOL token will be the primary holding in its reserve.
The group, consisting of former workers of the well-known cryptocurrency exchange Kraken, purchased all 10,000 outstanding shares of Janover’s Series A preferred stock in addition to 728,632 shares of Janover common stock.
Both the company’s name and its ticker symbol will be changed to DeFi Development Corporation. In recent months, many public companies have tried to emulate MicroStrategy’s rapid expansion by implementing its innovative bitcoin acquisition strategy.
The best-known recent example is GameStop. Regarding Solana, however, Janover may be the first in the United States to use that tactic. Similar goals are pursued by Canada’s Sol Strategies for a SOL treasury reserve. As of right present, MicroStrategy operates as Strategy.
Source (CNBC)
