US EditionClassover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
- Classover Holdings, a New York-based EdTech company, announced a $500 million convertible note deal to build a Solana-based crypto treasury on June 5, 2025.
- The agreement comes after securing $11 million in initial funding and completing a preliminary acquisition of Solana tokens, marking a strategic entry into blockchain assets amid changing regulatory landscapes.
- Classover plans to use up to 80% of net proceeds to acquire and stake SOL tokens, aiming for yield generation and validating Solana as a scalable, high-throughput platform.
- CEO Stephanie Luo stated this deal marks a strategic milestone to align Classover’s treasury with the digital economy, reflecting growing institutional confidence in alternative Layer 1 blockchains.
- This initiative could set a precedent for corporate crypto treasury adoption, signaling diversification away from fiat and potential impact on Solana’s market and broader blockchain finance.
23 Articles
23 Articles
$500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury - Overpasses For America
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word bega…
Classover transforms its cash flow into a crypto box: $500 million for Solana! An edtech that plays the blockchain card and makes its action leap. New fashion or financial revolution? Discover this new bet. The article Crypto: Classover commits $500 million to build a strategic reserve in Solana has appeared first on Cointribune.
More and more public companies are building reserves in cryptocurrencies. In recent days, educational platform Classover, fintech firm Treasure Global (TGL) and South Korean media alliance K Wave Media (KWM) have announced similar plans. Classover chooses Solana-treasury Nasdaq-traded firm pl...
Edtech Firm Shares Soar 50% Following Solana Reserve Reveal » News.ng
Online education company Classover Holdings saw its Nasdaq-listed shares jump by 50% to $5.50 after revealing a bold new financial strategy centered on Solana (SOL). The company announced a senior secured convertible bond agreement worth up to $500 million with Solana Growth Ventures LLC. Under the agreement, Classover will receive initial funding of $11 million and may issue bonds that can be converted into Class B common stock at twice the clo…
Implications of Classover Holdings’ $500M Solana Treasury Investment
Nasdaq-listed Classover Holdings Inc. (NASDAQ: KIDZ), an educational technology company, has announced plans to raise up to $500 million through senior secured convertible notes to build a Solana (SOL)-based treasury reserve. The agreement, signed with Solana Growth Ventures LLC, requires Classover to allocate up to 80% of the net proceeds to purchasing SOL tokens. An […] The post Implications of Classover Holdings’ $500M Solana Treasury Investm…
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