๐ฅ $500M Floods Into Solana โ Classover Goes All-In on Building a SOL Treasury!
Wall Street just aimed its sights on Solana. ๐ฅ
In a jaw-dropping move, Classover Holdings (KIDZ) โ a Nasdaq-listed edtech firm โ is dropping up to $500 million into Solana via senior convertible notes. The company signed a game-changing deal with Solana Growth Ventures and is ready to pour 80% of the proceeds into SOL โ buying, staking, and grabbing locked tokens at a discount. ๐
"This isnโt just an investment โ itโs the foundation of a full-blown Solana treasury," said Classover CEO Stephanie Luo. The company has already committed $1.05M to buy 6,472 SOL, but that's just the beginning. Combined with its previous $400M stock transaction, Classover now has $900 million in firepower โ and it's pointing most of it straight at Solana.
๐จ This isn't happening in isolation.
๐น SOL Strategies (HODL) sold off its entire Bitcoin position just last week to double down on Solana โ adding 26,478 SOL for $4.7M, boosting its total to a whopping 420,355 SOL.
๐น DeFi Development Corp still leads the race with over 600,000 SOL, and just launched dfdvSOL, a brand-new liquid staking token (LST) in partnership with Kamino Finance. Now, SOL stakers can earn dfdvSOL and use it in Kamino's lending/borrowing markets for even more gains.
๐ This is bigger than just treasury diversification. It's a coordinated shift โ away from BTC and toward Solana โ as institutions start treating SOL as a strategic reserve asset.
The Bitcoin playbook is being rewritten... in Solanaโs name.
๐ง Are you paying attention?
#sol #BinanceAlphaAlert #EDGENLiveOnAlpha #SaylorBTCPurchase
