Janover Announces BTC (Bitcoin) Adoption
Rhea-AI Summary
Janover (NASDAQ: JNVR), an AI-enabled commercial real estate platform, has announced plans to accept Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as payment methods for select services. The company is also considering incorporating these cryptocurrencies into its treasury allocation strategy.
This initiative reflects Janover's response to growing digital asset adoption in financial markets and aims to provide clients with enhanced transaction flexibility. The company cites MicroStrategy's successful Bitcoin strategy as an example while emphasizing its commitment to maintaining responsible risk management practices in implementing these cryptocurrency initiatives.
Positive
- Expansion of payment options to include major cryptocurrencies (BTC, ETH, SOL)
- Potential treasury diversification through cryptocurrency allocation
- Strategic alignment with emerging digital asset trends
Negative
- Exposure to cryptocurrency market volatility risk
- Regulatory uncertainty in cryptocurrency operations
News Market Reaction
On the day this news was published, JNVR gained 2.41%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Janover Will Begin Accepting Bitcoin As Payment For Products And Consider For Treasury
BOCA RATON, FL, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform connecting the commercial real estate industry, today announced it aims to begin accepting payments in Bitcoin (“BTC”) as well as Ethereum (“ETH”) and Solana (“SOL”) for select services, underscoring the company’s commitment to innovation within evolving market trends. This decision aligns with the increasing support for digital assets on both a domestic policy level and within broader financial markets, as seen in notable corporate strategies to leverage certain cryptocurrencies for long-term value creation.
“At Janover, we remain focused on our core business. We do, however, recognize the broadening acceptance and significant future potential of digital currencies like Bitcoin,” said the company’s CEO. “We’ve seen how companies like MicroStrategy have successfully capitalized on Bitcoin’s appreciation, and we believe there’s an opportunity to participate in the market in a measured, responsible way.”
Janover plans to incorporate select cryptocurrencies into its accepted forms of payment and is contemplating a treasury allocation plan into these assets. While continuing to prioritize responsible risk management, the company intends to offer clients greater flexibility in their transactions, continuing to facilitate lower friction and truly modern financial experiences for commercial real estate stakeholders across the ecosystem.
About Janover Inc.
Janover is an AI-enabled platform that connects the commercial real estate industry. The company serves over one million annual web users and 1,000+ lenders, including more than
To view the latest investor presentation, please visit https://ir.janover.co/.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) the effect of and uncertainties related the ongoing volatility in interest rates; (ii) our ability to achieve and maintain profitability in the future; (iii) the impact on our business of the regulatory environment and complexities with compliance related to such environment; (iv) our ability to respond to general economic conditions; (v) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (vi) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-267907) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Company Contact:
Bruce S. Rosenbloom, CFO
Telephone: (561) 782-2788
Email: IR@janover.co
FAQ
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