Classover, a K-12 education company, has announced a crypto transition by creating a Solana reserve.
The company plans to issue up to $ 500 million to senior -changing records, with 80% of the proceeds allocated to the purchase of Solana (Sol). The move follows a growing pattern of companies that expands the techniques associated with crypto with their major businesses.
According to During a June 2 announcement, Classover had purchased 6,472 sols worth about $ 1.1 million to start its reserve. The release of $ 500 million in the ever -changing notes comes from a cooperation with Solana Growth Ventures.
Classover is an online education company that offers study courses for K-12 students worldwide. On June 3, one day after the announcement, its shares reached $ 5.45 in Nasdaq, an increasing intraday of 46.5% at the time of publication.
According to the company, the release of up to $ 500 million in the ever -changing notes can be aid in the $ 400 million Classover equity purchase agreement. Combined, these two financing methods will lead to the company’s purchase of the company’s solana for $ 900 million.
Related: Defi Development Corp adds $ 11.5m Sol, sharing jump 12%
Solana Reserve Company
Classover’s pivot at a Solana reserve company marks a trend of some companies that have been publicly exchanged to turn to Sol to create more streams of income and spark interest of the investor.
In May, Sol Strategies, a company that has been publicly exchanged in Canada, Ask for permission to regulation to raise up to $ 1 billion for its sol staking operations. Company’s Q2 2025 income report revealed an increase Validator and staking income.
UPEXI, also listed in NASDAQ, Saw its sharing to sink 630% After announcing a $ 100 million increase in April, with 90% of funds promised to SOL purchases.
Magazine: Memecoins are ded – but Solana ‘100x Better’ in spite of income plunge
