$SOL Treasury Strategy Powers Classover's $500M Raise


#Classover has signed a securities purchase agreement to issue up to $500 million in convertible notes.


The Nasdaq-listed education company must allocate 80% of proceeds to purchasing $SOL tokens.


Combined with a previous $400 million equity agreement, Classover's total financing capacity reaches $900 million.


Company shares surged 39.85% to $3.72 following the announcement, before slipping 1.88% after-hours.


Classover aims to become a leader among publicly traded companies, integrating $SOL into treasury operations.


Several firms, including #SOLStrategies and #DeFiDevelopmentCorp, are building similar $SOL reserves.


The company launched its treasury #strategy to enhance balance sheet performance with digital assets.

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June 03, 2025 at 1:46 PM
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