Solana Gets $500 Million Boost — Classover Makes Big Investment in SOL
Classover Holdings, a company listed on Nasdaq, plans to invest big in Solana (SOL). They’re doing this by offering up to $500 million in special investment notes (called “senior convertible notes”) to raise money.
Their goal?
👉 Use that money to buy and stake SOL — even locked tokens, which they can get at cheaper prices.
What’s Happening:
Classover made a deal with Solana Growth Ventures to raise money for this.
Once the deal is done, they’ll invest 80% of that money into Solana, following some rules.
Their CEO says this is a big step to build a treasury based on Solana.
Background:
Earlier on May 1, Classover raised $400 million through stock sales.
They’ve already bought 6,472 SOL tokens for around $1.05 million to start building their SOL treasury.
They’re joining other major investors in Solana, like DeFi Development Corp and SOL Strategies.
What Other Companies Are Doing:
SOL Strategies, a company from Canada, sold all of its Bitcoin (BTC) to buy more Solana.
Last week, they bought 26,478 SOL for $4.7 million. Now they hold over 420,000 SOL.
DeFi Development Corp is even bigger — it holds over 600,000 SOL.
They just launched dfdvSOL, a new token that gives rewards to SOL stakers, and partnered with Kamino Finance to offer more earning opportunities in Solana’s ecosystem.
The Bigger Picture:
Big companies are starting to treat Solana like they used to treat Bitcoin — putting large amounts into it as a key investment.
