Janover has raised $42 million through the issuance of convertible notes and warrants, which will be used to increase its holdings in SOL

According to CNBC, US listed company Janover announced on Monday that it has raised $42 million by issuing convertible notes and warrants to multiple investors including Pantera Capital, Kraken, Arrington Capital, etc. These funds will be used to purchase SOL as financial reserves. Janover may be the first company in the United States to adopt an acquisition strategy for Solana, and the company plans to rename itself DeFi Development Corporation and modify its stock code. The newly appointed chairman and CEO of the company, Joseph Onorati, revealed that his team plans to "immediately" begin increasing its holdings in SOL. Janover also plans to acquire validators (i.e. computers that help run Solana networks and verify transactions), who can be used not only to acquire SOL tokens but also to "stake" them, earning rewards by locking SOL tokens onto the network. In December of last year, it was announced that US listed company Janover would begin accepting Bitcoin as a payment method for its products and consider using it for financial reserves.