Catenaa, Wednesday, April 16, 2025- Janover, a US-listed company, has raised $42 million through a private offering of convertible notes and warrants, focusing on the acquisition of digital assets, specifically Solana-based tokens. The offering, announced on April 7, was supported by prominent crypto investors, including Pantera Capital, Kraken, and Arrington Capital.
The funds will be used to build Janover’s digital asset treasury, with a primary focus on Solana (SOL). The convertible notes carry a 2.5% annual interest rate and are set to mature in 2030. They can convert into common stock if the company’s market capitalization reaches $100 million, with the conversion price based on the market close on that day, subject to a floor. Investors in the offering also received warrants, allowing them to purchase shares at fixed prices above current trading levels.
This strategic move marks a shift in Janover’s approach, as it plans to acquire digital assets directly through public markets. The initiative positions Solana as a core asset in its treasury, with the company’s leadership emphasizing the blockchain’s speed, usability, and programmability as key advantages.
Janover’s new CEO, Joseph Onorati, highlighted that this investment strategy is part of a long-term commitment to Solana rather than a short-term speculative play. The company plans to acquire SOL tokens in a transparent, methodical way, aligned with the broader Solana ecosystem.
Janover’s approach represents a growing trend of public companies incorporating digital assets into their balance sheets while adhering to regulatory frameworks, offering a glimpse into how traditional finance and decentralized networks may increasingly intersect.
