Janover Shares Rise After Company Begins Solana Purchases

By Chris WackJanover shares were 26% higher, at $34.49, after the company said it bought $4.6 million in Solana, the first execution under its newly adopted digital asset treasury strategy.Solana is a blockchain platform designed for decentralized applications and cryptocurrencies. Its native cryptocurrency is called SOL, and it is meant to provide fast, scalable, and low-cost transactions.The AI-powered online platform said it will begin staking its SOL position immediately, generating revenue while supporting the Solana network.The board of directors approved the company's new treasury policy last Friday, authorizing long-term accumulation of cryptoassets starting with Solana.The stock hit its 52-week high of $48.47 on Monday, and is up 292% in the past 12 monthsWrite to Chris Wack at [email protected]