Janover to Raise $42 Million to Increase SOL Holdings

According to a report by Jinse Finance, the US-listed company Janover announced on Monday that it has raised $42 million by issuing convertible notes and warrants to several investors, including Pantera Capital and Arrington Capital. These funds will be used to purchase SOL as financial reserves. Janover may be the first US company to adopt an acquisition strategy for Solana, and it plans to rename itself as DeFi Development Corporation and change its stock code. The company's newly appointed Chairman and CEO, Joseph Onorati, revealed that his team plans to "immediately" start increasing their SOL holdings. Janover also plans to acquire validators (computers that help run the Solana network and verify transactions), which can be used not only to acquire SOL tokens but also to "stake" them, earning rewards by locking SOL tokens on the network.