Janover issued Convertible Promissory Notes and Warrants to raise $42 million, which will be used to increase their SOL holdings.

Blockbeats

04-07

BlockBeats News, April 7th, according to CNBC, U.S. publicly traded company Janover announced that the company has raised $42 million by issuing convertible notes and warrants to investors including Pantera Capital, Kraken, Arrington Capital, etc. These funds will be used to purchase SOL as a treasury reserve. The company's newly appointed Chairman and CEO, Joseph Onorati, revealed that his team plans to start "immediately" accumulating SOL. Janover also plans to acquire validators (computers that help run the Solana network and validate transactions), which can be used not only to acquire SOL tokens but also to "stake" them, meaning earning rewards by locking up SOL tokens on the network.

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