#SOL Treasury Strategy Sends #Classover Stock Up 44% in Single Day


Nasdaq-listed education platform #Classover announced a $500 million convertible note agreement to purchase $SOL tokens.


The company has already acquired 6,472 $SOL worth approximately $1 million as part of its new treasury strategy.


CEO Hui Luo said the firm aims to become a leader in blockchain-aligned financial strategy among publicly traded companies.


Classover stock (KIDZ) jumped over 40% following the announcement, trading above $5.


The move follows similar strategies by other public companies, though most have chosen $BTC over $SOL.


#DeFi Development Corporation maintains nearly 600,000 $SOL tokens valued at close to $100 million.


#Strategy (formerly MicroStrategy) remains the largest corporate $BTC holder with 580,955 tokens worth $61.6 billion.


The trend represents growing institutional adoption of cryptocurrency treasury strategies beyond traditional Bitcoin holdings.

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June 03, 2025 at 10:37 PM
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