A team of former Kraken executives has acquired Janover, a real estate financing company, with plans to leverage Solana for financial operations. Joseph Onorati, the former chief strategy officer at Kraken, has become the chairman and CEO, while Parker White, the former director of engineering, serves as the chief investment officer and chief operating officer. The group purchased over 700,000 shares of Janover, resulting in an significant stock price increase of 840%. Additionally, they plan to create a Solana reserve treasury, which includes acquiring validators, staking SOL, and further purchases of the token. Janover has also raised $42 million through convertible notes with participation from significant investors like Pantera Capital and Kraken. Previously, Janover began accepting Bitcoin, Ether, and SOL as payment for its services. The volatile nature of SOL is noted, with prices ranging significantly over the past year.

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