Latest news with #Janover
Yahoo
13-05-2025
- Business
- Yahoo
DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase
DeFi Development (DFDV), the Nasdaq-listed real estate tech firm formerly known as Janover, bought more of Solana's SOL SOL, taking its total crypto holdings above $100 million, the company announced on Monday. The firm said it acquired 172,670 SOL at an average price of $136.81. The $23.6 million purchase is the largest since its crypto pivot last month. The Florida-based company now holds 595,988 SOL, worth nearly $105 million at current prices. The company said the tokens will be held long-term and staked with a range of validators, including its own, to earn staking yield. DeFi Development's updated per-share exposure now stands at 0.293 SOL or about $50.42 per share. The company's shares surged 20% to $90 in the early minutes of the Monday session, adding to the 30% gain on Friday as crypto prices rallied over the past few days. SOL advanced over 20% over the past week, touching $180 for the first time since February. The move reflects a growing trend of public companies buying cryptocurrencies for their balance sheets, mimicking the playbook of Michael Saylor's Strategy (MSTR). While many companies are following Saylor's lead and focusing on bitcoin BTC, the largest cryptocurrency, others are looking at alternatives. Last month, Janover was taken over by a group of former executives of crypto exchange Kraken and pivoted to focus on the Solana blockchain, accumulating the network's native token and operating validators to earn a staking yield. The firm recently laid out plans to raise $1 billion for acquiring SOL. This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Bitcoin Edges Above $95K, U.S. Stocks Remain Strong as Analyst Warns of 'Blind' Market
The crypto market experienced another relatively calm day on Tuesday despite widespread pessimism about the impact of the Trump administration's tariffs on the economy. Bitcoin (BTC) is up 1% in the last 24 hours, trading at almost $95,400 and within sight of topping $96,000 for the first time since the second half of February. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization except for stablecoins, exchange coins and memecoins — rose 1.1%, with Bitcoin Cash (BCH) outshining the rest of the index by surging 6.3%. Crypto stocks had fairly muted performances Tuesday, with Coinbase (COIN) and Strategy (MSTR) up 0.9% and 3.3%, respectively. Janover (JNVR), continued to benefit from its SOL accumulation strategy, rising another 16%. The stock market also continued its recovery from the early April-tariff induced panic, with the S&P 500 and Nasdaq each adding 0.55%. For some observers, the market's performance has seemed unanchored from the wave of economic data coming in that suggests that U.S. economic activity is slowing down due to the tariff policies unleashed by the White House. Consumer confidence came in at its lowest level since May 2020, according to a Conference Board survey, while the consumer outlook hit its lowest point since 2011. Meanwhile, the JOLTS survey indicated that job openings had fallen to 7.19 million in March versus an expected 7.5 million. In fresh tariff news, Secretary of Commerce Howard Lutnick said today that a trade deal had been reached with an unspecified country, though the deal still needed to be ratified with that country's leaders. 'Hard to fathom how blind the market really is,' Jeff Park, head of Alpha Strategies at Bitwise, posted on X. 'A Fed cut means nothing if U.S. creditworthiness is permanently impaired by the global community as resulted by dollar weaponization,' Park said, referring to recent speculation on whether the U.S. central bank will be forced to lower rates to counter the effect of Trump's tariffs. 'That's the mispricing we are talking about here," he continued. "The myopic focus on whether [we] are getting a fed cut in May/June is completely irrelevant if the notion of the risk-free as we know it is fundamentally challenged forever, which means cost of capital globally is going higher.'Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-04-2025
- Business
- Yahoo
7 Key Signs You're Wealthier Than You Think
Controversial but consummately successful podcaster Joe Rogan once said he felt like he'd 'made it' financially when he had enough money to eat at a restaurant at night without feeling guilty and stressed about what it cost the following day. Learn More: Read Next: Rogan's net worth is now estimated at $200 million, which is all the money in the world — unless you're Elon Musk. That makes Rogan's $200 million fortune he made bloviating opinions less than 0.05% of Musk's $391 billion fortune he made buying cars and rocket ships. The point is that how you feel about wealth is subjective and can come from many sources. In a country where more than half of all six-figure earners reportedly live paycheck to paycheck, how do you know if you're rich, or at least richer than you think? Here are eight key signs you may be wealthier than most Americans. Your salary, of course, plays a significant role in your ability to accumulate wealth and has a lot to do with how you measure up to the masses. 'The median household income in the U.S. is around $75,000,' said Joel Ohman, certified financial planner and CEO of Clearsurance. 'So, if you make more than that, your income is higher than half the people in the country. 'Of course, how far $75,000 takes you will depend on where you live. For example, you have a lot more buying power with $75,000 a year in Glendive, Montana, than you would in Orange County, California.' Since the cost of living varies so dramatically from one place to the next, area median income (AMI) is a more accurate yardstick to measure your comparative wealth. HUD Loans by commercial property financing firm Janover offers a state-by-state AMI breakdown with metro, non-metro and total AMI variants. Fannie Mae has a map-based AMI lookup tool that allows for much more granular and local detail. Find Out: Even the most impressive income is no indication of wealth if you spend more of it than you make, which so many high earners seem to do. The more accurate barometer, then, is how much you have in the bank. 'If you're making higher than an average salary and have saved four times your annual income, and you're in your 20s, you're doing very well,' said Ohman. Ohman's benchmark is exceptionally high. The standard guideline is to have the equivalent of your annual salary saved by age 30, three times your salary by 40, six times by 50, eight times by 60 and 10 times by 67. Several studies have shown that more than half the country is behind on those milestones, so even being on par with your decade's goal lands you a spot among the more affluent half. Ben Richardson, financial expert, capital markets consultant and director of Acuity Training, feels that you're richer than you think if, 'you do not have debt or exorbitant bills weighing you down that need to be paid.' 'Being 'rich' means something different to everyone,' added Kendall Meade, certified financial planner at SoFi. 'For some, this may just mean being able to comfortably afford their lifestyle. For others, it may be a specific target salary or savings amount. For others, it may be having the freedom to change careers or leave the workforce completely.' 'In the current state of the economy, coupled with inflation, many families are surviving from paycheck to paycheck and have to anticipate when the next one is due to alleviate financial burdens,' said Richardson. The two most measurable indicators that you're wealthier than most Americans are that you earn more than 50% of them and have more money saved than 50%. 'You already have a sufficient amount contributed towards your retirement, and an emergency fund is not a concern or has already hit its target,' said Richardson. This means you also have money left over to invest. Richardson continued, 'Some people work two jobs to make ends meet, but it is different when you have money readily available to invest or put toward a passive income stream.' 'Going on vacation can be considered a luxury, especially if you are traveling internationally,' said Richardson. People who don't have savings or are living paycheck to paycheck may dream of going on vacation but can't afford it. However, if you are booking flights and hotels without anxiety and still have all of your expenses covered and then some, you might have a little more wealth than you give yourself credit. You might be wealthier than you think if, according to Richardson, 'you don't have to save up for a luxury item and can afford it easily.' As Joe Rogan said, even being able to go to dinner without stressing about the bill can make you feel rich even if you're not swimming in disposable income. The bottom line is that wealth is subjective, and some indicators that you might be richer than you think aren't as easy to quantify. How do you change your perception from operating from a deficit to operating from abundance? What do you earn and what do you have in the bank? In the concept's simplest form, the answers to those two questions will determine your comparative wealth. So, it may be time to reframe your mindset. Andrew Lisa contributed to the reporting for this article. More From GOBankingRates 6 Used Luxury SUVs That Are a Good Investment for Retirees 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth 7 Overpriced Grocery Items Frugal People Should Quit Buying in 2025 How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on 7 Key Signs You're Wealthier Than You Think Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M
DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana's SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday. The purchase, made through BitGo's over-the-counter desk, includes a tranche of locked SOL. These are tokens typically tied to vesting or bankruptcy proceedings that can't yet move on-chain but are cheaper than spot prices. "By gaining access to locked discounted inventory through a trusted partner like BitGo, we're able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem," CEO Joseph Onorati said in a statement. Janover, which was renamed to DeFi Development earlier this week, began as a real estate data and software company but has shifted to position itself as U.S. public company offering direct exposure to the Solana ecosystem to investors through its balance sheet. The pivot happened after a group of former executives of crypto exchange Kraken, including Onorati, acquired a majority stake in the firm this month. The company noted that with the latest purchase, each of the firm's 1.5 million outstanding shares now represents 0.22 SOL, up 40% from earlier disclosures. Corporations have been buying SOL to provide TradFi investors with exposure to the token, and this trend has been gaining momentum recently. SOL Strategies, the publicly traded company helmed by CEO Leah Wald—former co-founder of digital asset manager Valkyrie Investments—spearheaded the movement. Earlier today, the firm announced that it had secured an up to $500 million convertible note facility to ramp up its investments in the Solana network. This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
EXCLUSIVE: DeFi Development Adds $9.9 Million In Solana Tokens Underscoring Its Commitment Towards Digital Asset Treasury Strategy
DeFi Development Corporation (formerly Janover) (NASDAQ:JNVR) announced on Wednesday that it will purchase approximately 65,305 Solana (CRYPTO: SOL) tokens. Following the transaction, DeFi Development Corporation now holds approximately 317,273 SOL, valued at $48.2 million, including staking rewards. Other metrics include: Total Shares Outstanding: Approximately 1.5M SOL per share (SPS): 0.22, valued at $32.88 per share. SOL/share growth (SPS growth vs. last purchase): 40%. A portion of the Solana acquired includes locked SOL sourced via BitGo's OTC desk, which facilitates purchases from institutional sellers subject to time-based unlock schedules. Any tokens acquired through this program will be held on a long-term basis and staked to generate native yield. Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups. These tokens cannot be transferred on-chain until their unlock period expires, but can still be bought and sold over-the-counter between qualified parties. "This is a clear example of the strategic execution we've built our treasury strategy around," said Joseph Onorati, Chief Executive Officer of DeFi Development Corporation. "By gaining access to locked discounted inventory through a trusted partner like BitGo, we're able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem." On Tuesday, Janover changed its corporate name to DeFi Development Corporation, reflecting its evolution into a crypto treasury vehicle designed for public market investors. The company will change its ticker to the symbol 'DFDV' on the Nasdaq at a future date. Last week, in April, Janover announced the purchase of 80,567 Solana, valued at approximately $10.5 million. This purchase marks the third execution under its newly adopted digital asset treasury strategy. This purchase brings Janover's total Solana holdings to 163,651.7, valued at approximately $21.2 million. In April, Janover purchased approximately $4.6 million Solana, marking the first execution under its newly adopted digital asset treasury strategy. The company will immediately begin staking its SOL position, generating revenue while supporting the Solana network. This marks the first allocation of capital from the company's recently completed $42 million financing round. On Wednesday, DeFi Development (or Janover) appointed Fei 'John' Han as Chief Financial Officer and Dan Kang as Head of Investor Relations. The new appointments underscore the company's commitment as it scales its crypto-forward treasury strategy. Former CFO Bruce Rosenbloom will remain with the company as EVP of Finance. Price Action: JNVR stock is up 24.80% at $55.98 at the last check Wednesday. Read Next:UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: DeFi Development Adds $9.9 Million In Solana Tokens Underscoring Its Commitment Towards Digital Asset Treasury Strategy originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
