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The crypto market is buzzing as an education company listed on Nasdaq buys Solana instead of Bitcoin
The wave of public companies accumulating cryptocurrencies continues to surge with a new highlight from #Classover (stock code: KIDZ), an online education platform for children. Unlike the familiar strategy of buying Bitcoin, Classover has chosen Solana (SOL) as a strategic asset in its treasury.
The company recently announced it has purchased 6,472 34617264409 for approximately $1.05 million and plans to stake to optimize profits. At the same time, they signed a convertible bond agreement worth $500 million to expand their Solana accumulation in the future.
CEO Hui Luo emphasized the commitment to becoming one of the first listed companies to integrate Solana into its long-term financial strategy, aiming for alignment with blockchain technology.
SOL – the native coin of the Solana network – is becoming increasingly popular due to its scalability, low fees, and fast processing times. Solana has been integrated with Visa to accelerate payments, while Solana Pay has been supported by Shopify to receive USDC.
Classover is not alone. Previously, DeFi Development Corp. had also accumulated nearly 600,000 SOL (~$100 million). Alongside giants like MicroStrategy (Bitcoin), Semler Scientific, and Metaplanet, the wave of corporate crypto investment is spreading.
Classover's stock (KIDZ) surged 44% after this news, showing the market's growing confidence in crypto as a strategic asset.
The wave of public companies accumulating cryptocurrencies continues to surge with a new highlight from #Classover (stock code: KIDZ), an online education platform for children. Unlike the familiar strategy of buying Bitcoin, Classover has chosen Solana (SOL) as a strategic asset in its treasury.
The company recently announced it has purchased 6,472 34617264409 for approximately $1.05 million and plans to stake to optimize profits. At the same time, they signed a convertible bond agreement worth $500 million to expand their Solana accumulation in the future.
CEO Hui Luo emphasized the commitment to becoming one of the first listed companies to integrate Solana into its long-term financial strategy, aiming for alignment with blockchain technology.
SOL – the native coin of the Solana network – is becoming increasingly popular due to its scalability, low fees, and fast processing times. Solana has been integrated with Visa to accelerate payments, while Solana Pay has been supported by Shopify to receive USDC.
Classover is not alone. Previously, DeFi Development Corp. had also accumulated nearly 600,000 SOL (~$100 million). Alongside giants like MicroStrategy (Bitcoin), Semler Scientific, and Metaplanet, the wave of corporate crypto investment is spreading.
Classover's stock (KIDZ) surged 44% after this news, showing the market's growing confidence in crypto as a strategic asset.
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EARTHQUAKE IN SOLANA!
Nasdaq company seeks up to $500 MILLION to BUY SOL
Is the next bet on the speed token?
Classover Holdings Inc. (Nasdaq: CLAS), an educational technology company listed on Nasdaq, has caused a stir in the crypto market by announcing plans to raise up to $500 million with the aim of building a corporate treasury based on 36277692709, the native token of the blockchain #solana
Shares of #Classover surged by 39.85% following the news, reflecting market enthusiasm.
Exclusive Destination: SOL: The company has stated that it must allocate up to 80% of the net profits from this round to the purchase of SOL.
Strategic Partner: The securities purchase agreement was signed with Solana Growth Ventures LLC.
Accumulated Financing Capacity: This new agreement adds to a previously announced $400 million stock purchase agreement, raising Classover's total potential financing capacity to $900 million aimed at SOL purchases.
#SolanaUSTD $SOL
Nasdaq company seeks up to $500 MILLION to BUY SOL
Is the next bet on the speed token?
Classover Holdings Inc. (Nasdaq: CLAS), an educational technology company listed on Nasdaq, has caused a stir in the crypto market by announcing plans to raise up to $500 million with the aim of building a corporate treasury based on 36277692709, the native token of the blockchain #solana
Shares of #Classover surged by 39.85% following the news, reflecting market enthusiasm.
Exclusive Destination: SOL: The company has stated that it must allocate up to 80% of the net profits from this round to the purchase of SOL.
Strategic Partner: The securities purchase agreement was signed with Solana Growth Ventures LLC.
Accumulated Financing Capacity: This new agreement adds to a previously announced $400 million stock purchase agreement, raising Classover's total potential financing capacity to $900 million aimed at SOL purchases.
#SolanaUSTD $SOL
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