A quiet SaaS stock just surged 840% on Solana plans — is Janover writing a new playbook?

How did Janover go from real estate loans to a Solana validator network — and what explains its 840% stock jump in less than 24 hours?

 On Apr. 7, Janover announced that a group of former Kraken executives had acquired a controlling stake and raised $42 million in funding. Alongside this, Janover revealed a new digital asset strategy focused on Solana, including plans to rebrand as DeFi Development Corporation. While Janover will continue running its software operations, the company now intends to hold Solana’s SOL token as its core treasury asset.

Before the announcement, JNVR traded at $4.44, with limited trading activity. However, following the news, the stock opened at $10 in pre-market trading, surged to an intraday high of $48.47, marking a brief 1,000% jump, and ultimately closed at $40.25, reflecting an 842% gain on the day.