Janover Inc. Buys the Dip, Purchasing 44,158 Solana (SOL) Worth $5 Million to Bring Its Total Holdings to 83,084 SOL

Janover Inc., a U.S.-based SaaS platform traditionally focused on commercial real estate lending, has purchased 44,158 Solana (SOL), valued at approximately $5 million.

Janover Inc. (NASDAQ:JVOL) has purchased 44,158 Solana (SOL) for approximately $5 million. This is the company’s second execution of its crypto-focused treasury policy and brings its total holdings to 83,084 SOL—now worth an estimated $9.6 million.

As of April 11, the company holds the equivalent of 0.06 SOL per share, representing a per-share value of $6.59. Compared to the firm’s last purchase, this reflects a 109% increase in SOL per share (SPS).

The firm has rebranded itself as DeFi Development Corporation. This happened after a group of former Kraken (NASDAQ:PUMP) executives acquired a controlling stake in Janover earlier this month, raising $42 million in the process. Just days later, the firm disclosed its entry into crypto, citing Solana as its treasury anchor and staking infrastructure focus.

Other Institutions and Whales Are Also Buying SolanaCanadian-based SOL Strategies (HODL) also disclosed it had acquired 24,000 SOL in March for approximately $3.37 million, bringing its total to 267,151 SOL, most of which are staked across four validators.Despite growing its operational footprint, SOL Strategies’ share price has decreased by 25% since March, lagging behind SOL’s 27% decline over the same period. Year-to-date, the firm’s stock is down 67%, while Solana has dropped 36%.SOL Strategies CEO Leah Wald, formerly of Valkyrie Investments, confirmed that the firm is expanding to additional Proof-of-Stake chains, including Sui (SUI), Monad (MONAD), and Archway (ARCH).On-chain data confirms that crypto whales are also accumulating Solana. A long-term whale wallet added 32,000 SOL worth $3.72 million just hours before Janover’s announcement.This follows a prior accumulation of 30,541 SOL at $216 three years ago—worth over $6.6 million at the time. The whale never sold then, even as the token crashed below $10 during the 2022–2023 bear market.Inverse Head-and-Shoulders Pattern Hints at $152 TargetFrom a technical perspective, Solana’s price chart supports this wave of institutional accumulation. A clear inverse head-and-shoulders pattern has formed on the 4-hour timeframe. The neckline breakout around $120 is now in play. If the pattern unfolds fully, the projected price target is $152.83. This is a 27% move from current levels.