PANews reported on April 7th that according to CNBC, the US-listed company Janover stated on Monday that it has raised $42 million by issuing convertible notes and warrants to multiple investors including Pantera Capital, Kraken, and Arrington Capital. These funds will be used to purchase SOL as financial reserves. Janover may be the first US company to adopt an acquisition strategy for Solana, and the company plans to rename itself as DeFi Development Corporation and modify its stock code. The newly appointed chairman and CEO Joseph Onorati revealed that their team plans to begin accumulating SOL "immediately". Janover also plans to acquire validators (computers that help run the Solana network and validate transactions), which can be used not only to acquire SOL tokens but also to "stake" them, meaning earning rewards by locking SOL tokens on the network.

Previously, in December last year, Janover, a US-listed company, began accepting Bitcoin as a payment method for products and considering it for financial reserves.