Classover to Issue Up To $500M for SOL Reserve
Summary
Classover, a K-12 education company, is entering the crypto space by creating a Solana reserve. The company plans to issue up to $500 million in senior convertible notes, with 80% of the proceeds used to purchase Solana (SOL). Classover has already acquired 6,472 SOL, valued at approximately $1.1 million. This initiative is part of a broader trend of companies integrating crypto strategies into their business models. Classover's shares rose 46.5% on the Nasdaq following the announcement. Combined with a $400 million equity purchase agreement, Classover's potential Solana purchasing power could reach $900 million.
