Janover (JNVR), the Fintech company centered on real estate with a Solana Treasury (Sol) strategy, has been called Development Corp and bought other $ 11.5 million tokens sun tokens, the firm said Tuesday.
The measure takes the company’s total holdings to 251,842, including betting rewards, the company said. That is valued at around $ 36.5 million, with sun currently quoting around $ 145.
JNVR shares fell 2.5% today to $ 38.3, well below the peak last week just $ 80. However, the action has still increased more than 800% since it adopted the Crypto Treasury strategy. Sol advanced almost 5% in the last 24 hours, with the widest market of cryptography rising.
The purchase was part of the new cryptographic commitment of the company based in Boca Mouse, Florida, to position itself as the first company that is quoted in the United States with a treasure strategy centered in Solana and its native token sun.
As part of the strategy, the company seeks to accumulate sun and operate one or more validators to ensure the block chain. The pivot occurred after a team of former Crypto Exchange Kraken executives bought a majority participation in the company earlier this month.
Read more: Janover takes the Saylor Playbook page, doubleing Sol Stack at $ 20 million as the shares are fired 1700%
The purchase was made using funds from a financing round of $ 42 million that the company completed earlier this year. According to the latest figures, each company’s action represents 0.17 Sol, 62% more than its last purchase of cryptography, according to the press release.
The firm will also change its Ticker to DFSV in the Nasdaq exchange on a future date to reflect its new name.
Last week, the company announced a strategic association with Kraken with plans to delegate part of the Exchange Sol Holdings so that the validators operated by Defi Development Corp. The company also associated with Bitgo to acquire blocked tokens through free sale markets.
