Janover Aims to Emulate MicroStrategy with Solana Focus
A small software firm that is publicly traded is setting its sights on becoming the Solana equivalent of MicroStrategy. Janover, which serves as a marketplace linking commercial real estate borrowers and lenders, is implementing a strategy that focuses on holding digital assets—specifically, the Solana (SOL) token—as its primary reserve. This shift follows a group of leaders from the cryptocurrency sector taking majority ownership of the company. This group, comprised of former employees from the well-known crypto exchange Kraken, acquired 728,632 shares of Janover’s common stock along with all 10,000 shares of its Series A preferred stock. Additionally, the company plans to rebrand itself as DeFi Development Corporation and update its ticker symbol.
Trend of Companies Adopting Bitcoin Acquisition Strategies
The trend of publicly traded companies looking to replicate the remarkable growth associated with MicroStrategy’s bitcoin acquisition strategies has been on the rise recently. A notable example of this is GameStop. However, Janover may be the first U.S. entity to adopt a similar approach specifically with Solana. Meanwhile, Canada’s Sol Strategies is pursuing comparable goals with a SOL treasury reserve. (It is worth noting that MicroStrategy has rebranded itself as Strategy.)
Solana: A High-Speed Blockchain Solution
Solana is a public blockchain platform that has been operational for five years, boasting rapid transaction speeds and low fees for both developers and users.
Immediate Plans for SOL Accumulation
The team behind Janover intends to start acquiring SOL tokens “immediately,” according to Joseph Onorati, the new chairman and CEO. While Onorati did not disclose specific details about the purchasing strategy or timeline, he reassured investors that the process would be “transparent, methodical, and deeply aligned with the Solana ecosystem.” Recently, Janover raised $42 million through an offering of convertible notes and warrants from investors including Pantera Capital, Kraken, and Arrington Capital, which will be allocated towards acquiring SOL tokens.
Bitcoin vs. Solana: Different Strengths
Onorati emphasized that while bitcoin is widely considered the most significant store of value, Solana serves as the backbone for a new, high-performance financial ecosystem. He pointed out that bitcoin is designed for security and scarcity, whereas Solana prioritizes speed, usability, and programmability. This distinction allows Solana to support decentralized finance applications, consumer applications, games, and more, which contributes to its increased volatility—an aspect Onorati views positively.
Solana as an Ethereum Alternative
Regarded as a quicker and more cost-effective alternative to the Ethereum network, Solana has gained popularity as the platform of choice for meme coins. Following President Donald Trump’s second inauguration in January, the SOL token outperformed many major cryptocurrencies. However, it has also faced significant declines, losing more than 45% in 2025, compared to bitcoin’s 16% drop. Despite these challenges, numerous asset managers have submitted proposals to launch exchange-traded funds (ETFs) that track the performance of the SOL token, including firms like Grayscale, Franklin Templeton, VanEck, and Bitwise.
Acquiring Validators for Enhanced Network Participation
Janover is also set to acquire validators—computers that play a crucial role in maintaining the Solana network by verifying transactions. These validators will not only facilitate the acquisition of SOL tokens but will also enable the staking of these tokens, allowing the company to earn rewards by locking them on the network. Onorati added, “Solana provides yield through staking, incentives for validators, and utility for smart contracts—this creates a deeper integration with the network. It transforms SOL not just into a treasury asset but into a catalyst for long-term growth and engagement within the ecosystem.”
