Crypto: Classover Commits $500 Million to Build a Strategic Solana Reserve

Classover strikes hard: 500 million dollars in convertible notes to purchase Solana and rebuild its treasury. This bold choice, far from traditional schemes, establishes crypto as a strategic leverage. Is corporate finance ready to adopt this new standard on digital assets?

Classover: first Solana acquisition and massive fundraising

It all starts with a targeted acquisition of 6,472 SOL tokens, valued at 1.05 million dollars. This initial move is not isolated. In parallel, Classover reached an agreement with Solana Growth Ventures for a convertible notes issuance totaling 500 million dollars! The goal is to create a SOL crypto reserve.

An initial tranche of 11 million is already committed, revealing a clear and determined plan. Up to 80% of the raised funds will be dedicated to purchasing SOL. The arrangement reflects a structured commitment, designed to consolidate a long-term position in a rapidly evolving crypto asset.

Classover: a confident crypto strategy

The logic doesn’t stop at this 500 million dollar convertible note agreement for the Solana reserve. It is part of a broader ambition. Classover has already secured a 400 million dollar stock purchase program. Result: a total leverage of 900 million, fully deployable to build a strategic crypto reserve.

This escalation reflects a profound change: the treasury no longer aims only for stability, but also becomes a ground for innovation. As Ms. Luo, CEO, highlights, the goal is clear: “to become a leader in blockchain-focused financial strategy“. An ambitious crypto bet, with decisively disruptive contours.

Market reaction and signals sent

The announcement immediately shook the markets. Classover’s stock price on Nasdaq surged 46.5% in a single day.

Several key signals explain this euphoria:

• Validation by investors: the rise reflects confidence in the company’s blockchain pivot;
• Unique positioning: Classover becomes one of the few listed firms institutionalizing the use of SOL;
• Disruptive narrative: an edtech transforming into a crypto player sparks fascination and uncertainty.

Ultimately, this strategy resonates far beyond just market valuation: it redefines the very contours of corporate management in the decentralization era.

Besides being the most active blockchain in Web3 once again, Solana is now a treasury reserve, thus challenging financial norms. Classover’s choice illustrates a possible transition toward hybrid finance, blending crypto and fiat. Does this experiment mark the beginning of a new model? It remains to be seen if other companies will dare to take this step.