Classover Bets Big on Solana: $500M Reserve Signals Crypto Confidence
Solana just got a half-billion-dollar vote of confidence—and Wall Street's spreadsheet jockeys are scrambling to adjust their models.
Education giant Classover is diving headfirst into crypto, allocating $500 million to build a strategic Solana reserve. Because nothing says 'long-term vision' like parking nine figures in a blockchain that’s survived more outages than a cheap VPN.
The move comes as institutional players increasingly treat altcoins like corporate treasury assets—though with 100% more memecoins and degenerate apes.
Solana's price barely twitched on the news. Because in crypto, half a billion is just another Tuesday.
In Brief
- Classover invests up to 500 million dollars through convertible notes to build a strategic Solana (SOL) reserve.
- An ambitious crypto strategy, strengthened by a second program of 400 million in shares, for a total leverage of 900 million.
- The stock jumps 46.5% on the Nasdaq, confirming the impact of this blockchain turnaround on financial markets.
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.
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