Key Notes
- Janover has embraced crypto adoption by integrating Bitcoin, Ethereum, and Solana into its payment options.
- The company is exploring plans to allocate a portion of its treasury to cryptocurrencies, reflecting its confidence in digital assets’ long-term potential.
Janover Inc., an AI-enabled platform serving the commercial real estate industry, has announced its decision to accept Bitcoin
BTC
$94 425
24h volatility:
1.0%
Market cap:
$1.87 T
Vol. 24h:
$48.12 B
, Ethereum
ETH
$3 392
24h volatility:
1.1%
Market cap:
$409.08 B
Vol. 24h:
$24.92 B
, and Solana
SOL
$194.2
24h volatility:
0.8%
Market cap:
$93.25 B
Vol. 24h:
$3.69 B
as payment options for select services.
According to an official announcement on December 30, the move marks the company’s foray into the crypto space, aligning with its commitment to innovation and evolving market trends.
Cryptocurrency Integration and Payment Flexibility
Janover’s adoption of crypto payments aims to provide clients with greater flexibility and a more modern transaction experience. According to the company, these digital payment options will reduce friction for stakeholders in the commercial real estate ecosystem.
The firm said its decision to enter the crypto bandwagon stemmed from increasing support for digital assets on both a “domestic policy level and within broader financial markets.”
“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. 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,” said the company’s CEO, Blake Janover.
In addition to accepting crypto payments, Janover is exploring a treasury allocation plan to incorporate Bitcoin, Ethereum, and Solana into its reserves. This dual approach reflects Janover’s intent to both innovate within the payment landscape and participate in the growing digital asset economy.
Corporate Bitcoin Adoption on the Rise
Janover’s announcement follows a broader trend of corporate adoption of Bitcoin and other cryptocurrencies in 2024. For example, Last week, KULR Technology Group purchased 217.18 BTC, valued at approximately $21 million, as part of its Bitcoin Treasury strategy.
In an announcement on December 26, the company said the acquisition came at an average price of $96,556.53 per Bitcoin, underscoring the company’s belief in Bitcoin as a long-term store of value.
Earlier today, companies like MicroStrategy, a business intelligence firm based in the United States, topped up their Bitcoin reserves with the acquisition of 2,138 BTC valued around $209 million. As of now, the company’s total Bitcoin holdings reached 446,400 BTC.
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor⚡️ (@saylor) December 30, 2024
Shortly after MicroStrategy’s announcement, Genius Group Limited, an AI-driven education platform, revealed that it has increased its Bitcoin Treasury by $10 million, bringing its holdings to 319.4 BTC. The company’s total investment in Bitcoin now stands at $30 million, at an average price of $93,919 per Bitcoin.
These moves demonstrate a growing confidence among corporations in Bitcoin as both a payment medium and a reserve asset, further solidifying its position in the global financial system.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
