Janover (JNVR), the fintech company focused on real estate with a solara cash (soil) strategy, was renamed from Development Corp and bought $ 11.5 million in ground token, the firm announced on Tuesday.
This decision brings the total of the company’s soil assets to 251,842, in particular awards for staking, said the company. This is estimated at around $ 36.5 million, soil currently merchanting around $ 145.
JNVR’s actions fell 2.5% today to $ 38.3, well below last week peak, just less than $ 80. However, the stock has always increased by more than 800% since the adoption of the cryptographic cash strategy. Sol has increased by almost 5% in the last 24 hours, with the increase in the larger cryptography market.
The purchase was part of the new crypto of the company based in Boca Raton, Florida.
As part of the strategy, the company seeks to accumulate soil and exploit one or more validators to secure blockchain. The pivot occurred after a team of former Crypto Exchange leaders, Kraken, bought majority participation in the company earlier this month.
Read more: Janover takes the page of Saylor Playbook, doubling the floor battery at $ 20 million while the stock rises to 1700%
The purchase was made using funds from a financing round of $ 42 million completed earlier this year. Based on the latest figures, each share of the company represents 0.17 soil, up 62% compared to its last purchase of crypto, according to the press release.
The company will also change its Ticker to DFSV on the Nasdaq exchange on a future date to reflect its new name.
Last week, the company announced a strategic partnership with Kraken with plans to delegate part of the Holdings soil of the exchange to play validators exploited by Defi Development Corp. The firm has also teamed up with Bitgo to acquire tokens locked via over the counter markets.
