Corporate Real Estate Giant Made a Huge Solana Purchase in Two Days, Price Increased 12x! - Coin Bulletin

The commercial real estate financing company Janover bought out more than 83,000 Solana in just two days as part of its digital asset strategy, and the stock price increased by 1,100%.

As a real estate platform supported by artificial intelligence, Janover quickly implemented the new cryptocurrency strategy approved by the board of directors last week. The company, which first bought out 83 thousand 84 SOL, raised its market value to 73.5 million dollars with this move. Joseph Onorati, CEO of Janover, stated, "Our goal is to be the most effective and transparent tool for accumulating cryptocurrencies in the public market. The fact that we made our first Solana investment immediately after the restructuring demonstrates our commitment to this goal."

Janover used the first part of the capital obtained from the recently completed 42 million dollar funding round to buy out Solana. The company also plans to contribute to network security and generate income by targeting to operate one or several Solana validators, and to redirect this income back into SOL investments.

Janover's COO and CIO Parker White stated, "At the core of our business model are fast and clear applications. As we expand our strategy, we will continue to increase our SOL position. The current market conditions were quite attractive for our first step."

Bitcoin (BTC) acquisition is considered by Janover officials to represent the next evolution of corporate strategies that lead by adding it to company balance sheets. They define their reasons for choosing Solana as being "among early-stage assets, a blockchain that is fast, flexible, and supports real-world applications, and is open to growth."

CEO Onorati stated that Bitcoin is unique in terms of value storage, "However, our strategy is not to choose between Bitcoin and Solana. We want to apply the treasury model that has proven itself in public markets to an asset that is structurally more volatile and at an earlier stage."

Titan CEO **Chris Chung stated that it is important to focus on Solana's long-term use cases, saying, "Solana is a project where investors should focus on its long-term potential rather than short-term price drops." ** he commented.

Recently, Solana has lost value and is trading at around 124.64 dollars at the time of writing.