Share this article
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
The company will allocate up to 80% of the proceeds from the notes towards SOL purchases.
Jun 3, 2025, 1:27 p.m.
What to know:
- Classover Holdings is investing heavily in solana, aiming to build a SOL-focused treasury.
- The investment is funded by a $500 million agreement with Solana Growth Ventures, with an initial $11 million round.
- Classover plans to allocate up to 80% of the net proceeds from the notes toward SOL purchases.
Classover Holdings (KIDZ), a publicly traded online education company, has revealed it’s making a big bet on solana .
The company said in a press release that it entered a new agreement to sell up to $500 million in senior secured convertible notes, aiming to use most of the proceeds to build a treasury of SOL tokens.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The agreement, made with Solana Growth Ventures , allows for an initial $11 million funding round. Classover plans to allocate up to 80% of the net proceeds from the notes toward SOL purchases.
These notes can be converted into Class B shares at double the stock's trading price prior to closing, with adjustment clauses baked in. It’s worth noting that other firms, including Defi Development Corp., are also doubling down on their SOL treasury initiatives.
Classover’s move builds on its earlier acquisition of 6,472 SOL, for roughly $1.05 million, marking the beginning of its solana accumulation strategy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stellar Edges Higher to $0.251 Despite Altcoin Market Apathy
Trading volume surged 19% above weekly averages as XLM consolidated around critical $0.25 support level.
What to know:
- XLM gained 0.85% to $0.251 while underperforming broader crypto market by 0.45%.
- Trading volume spiked 19.36% above 7-day average, signaling institutional interest.
- Price established volatile consolidation pattern with $0.25 emerging as key support.
Top Stories
