Why Are Janover Shares Rocketing On Monday?

At last check Monday, Janover Inc. (NASDAQ:JNVR) shares were up over 560%.

A team of former Kraken executives has taken majority ownership of the company to help bridge the gap between so-called traditional finance (TradFi) and decentralized finance (DeFi).

The control group acquired 728,632 common shares and all 10,000 Series A Preferred shares.

Joseph Onorati has been named Chairman and CEO, and Parker White will serve as Chief Investment and Operating Officer.

Janover’s Board has implemented a new treasury policy to allocate its principal reserves into digital assets, beginning with Solana (SOL).

The company plans to acquire and stake SOL by purchasing Solana validators—key nodes that validate transactions and uphold network consensus.

These validators earn SOL rewards. Janover aims ...

https://www.benzinga.com/news/financing/25/04/44671804/why-are-janover-shares-rocketing-on-monday