Crypto-focused Janover skyrockets after completing its first Solana purchase
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Janover, a software company, has seen its shares surge over 60% after completing its first purchase of Solana's SOL token worth $4.6 million. The company recently raised $42 million through convertible notes and announced a new treasury management strategy focused on crypto accumulation. Janover plans to change its name to DeFi Development Corporation and aims to regularly acquire SOL, similar to MicroStrategy's bitcoin strategy. Despite the surge, the SOL token fell over 8% amid broader market corrections.
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