Classover’s $500M Solana Treasury Strategy Signals Strong Confidence in Blockchain Future
In a groundbreaking move, Nasdaq-listed Classover Holdings (KIDZ) has secured a $500 million funding facility to aggressively expand its solana treasury strategy. This bold bet on blockchain assets has already caused a 40% surge in the company’s shares, reflecting market enthusiasm for this crypto-forward approach. With 80% of proceeds mandated for SOL token purchases at current prices of $160.91, this represents one of the most significant corporate endorsements of Solana’s ecosystem to date. The educational technology firm’s commitment comes at a pivotal moment for institutional crypto adoption, potentially setting a precedent for other public companies to follow suit in treasury diversification strategies.
Classover Allocates $500M to Solana Treasury Strategy in Bold Crypto Move
Nasdaq-listed Classover Holdings (KIDZ) has secured a $500 million funding facility to double down on its Solana treasury strategy, marking one of the most aggressive corporate bets on blockchain assets to date. The educational technology firm’s shares surged 40% on the announcement before settling slightly lower in after-hours trading.
The deal requires Classover to deploy 80% of proceeds into SOL tokens, complementing an existing $400 million equity facility. "This positions us as pioneers in blockchain-aligned corporate finance," said CEO Stephanie Luo, framing the MOVE as a long-term wager on Solana’s ecosystem growth rather than short-term speculation.
What’s Preventing Solana (SOL) Price From Reaching $180?
Solana’s price action has been a study in contrasts—exhibiting both resilience and hesitation. Despite its history of rapid recoveries and strong investor interest, SOL has struggled to break past $180, even as other cryptocurrencies flirt with breakout territory.
The token recently breached its daily uptrend, signaling short-term weakness. Yet the long-term outlook remains bullish, with stacked Fair Value Gaps (FVGs) suggesting latent upward potential. A rejection at $160 wasn’t a failure but a setup—one that could propel SOL past the psychological $180 barrier if it reclaims the 50-day moving average at $158.05.
Technical patterns tell the story: a 15% pullback from a rising wedge breakdown hasn’t deterred accumulation. Market participants are watching for a decisive move above key resistance—a springboard for new all-time highs.
Solana Secures Dubai VARA Partnership, Eyes Crypto Growth in MENA
Solana Foundation has inked a strategic Memorandum of Understanding with Dubai’s VIRTUAL Assets Regulatory Authority (VARA), marking a significant step toward establishing a Solana Economic Zone in the region. The partnership focuses on talent development, data-sharing initiatives, and regulatory collaboration workshops.
Despite the long-term implications for Solana’s infrastructure ambitions in the Middle East, the market response remained muted with SOL trading flat around $160. Dubai’s aggressive Web3 adoption strategy aligns with Solana’s push for institutional footholds in emerging crypto markets.
Solana Surges Toward $165 Amid Record On-Chain Activity
Solana leads the crypto market rebound with a 6.9% rally as bulls target $165. The token surged from $153.66 to $159.92 within 24 hours, fueled by record transaction throughput and a spike in daily active addresses.
Technical analysis reveals strong accumulation at key support levels, with $151.89-$152.21 acting as a validated floor. The breakout above $155.55 gained momentum with rising volume, though resistance stiffens NEAR $162.46 after failed retests.
Market structure remains bullish with higher lows and healthy volume. Analysts note the 61.8% Fibonacci retracement at $159.73 now serves as intraday support, while consolidation below $160 suggests continuation potential if $162 is reclaimed.
