Commercial property financing company Janover (NASDAQ:JNVR) announced on Thursday the acquisition of ~$4.6M worth of Solana as part of its new digital asset treasury strategy.
Shares were trading +6.68% pre-market at $29.21.
The purchase marks the company’s first allocation of capital from its recent $42M financing round.
The board had approved a new treasury policy on April 4, authorizing long-term accumulation of cryptoassets starting with Solana.