Classover Holdings, listed on Nasdaq under the ticker KIDZ, has announced a massive deal with Solana Growth Ventures to establish a $500 million reserve in Solana (SOL). The move marks a significant step for the company as it aims to strengthen its financial position and embrace the world of digital assets.

🔹 The first phase of the agreement involves financing through senior secured convertible notes. Holders of these notes will have the option to convert them into Classover’s Class B common stock at a 200% premium over the closing share price. Shortly after this news broke, KIDZ shares surged 40%, closing Monday’s trading session at $3.72.

⚙️ A Crypto Reserve Amid Financial Struggles

This strategic initiative comes at a crucial time for Classover, which is facing severe liquidity challenges. According to InvestingPro, the company’s working capital ratio is only 0.02, indicating substantial financial stress. The partnership with Solana Growth Ventures is therefore not just strategic—it may be vital for survival.

🔹 The initial funding round has secured $11 million, which will go toward the first SOL purchases and the launch of the reserve.

💰 80% of Funds Headed for SOL

The deal requires Classover to allocate at least 80% of net proceeds from the fundraising specifically for buying Solana tokens. Notably, this transaction is in addition to a previous $400 million stock purchase plan, bringing the company’s potential Solana reserve fund to a staggering $900 million.

📌 Classover had already started building its reserve by acquiring 6,472 SOL worth around $1.05 million. CEO Ms. Luo called the new agreement a strategic milestone and emphasized the company’s commitment to integrating Solana into its financial infrastructure.

🌍 Solana, Ethereum, and Bitcoin: The New Corporate Reserve Trend

Classover isn’t alone in this shift toward crypto treasuries.

🔹 NewGen Group recently announced a $30 million Solana staking strategy.

🔹 Sharplink Gaming revealed plans to build a massive $425 million Ethereum treasury.

🔹 And BTCS added 1,000 ETH to its holdings, bringing its total stash to 13,500 ETH.

📈 SOL on the Rise

Following the announcement of Classover’s plan, SOL price rose 2% to $158. With more companies turning to Solana, this move may help narrow the gap between SOL and ETH, attracting increased investor attention.

🔍 Summary

Classover Holdings is making a bold bet—building a substantial Solana reserve as a buffer in uncertain times. As more publicly traded companies adopt crypto treasuries, the message is clear: Digital assets are becoming the new normal in corporate finance.


#solana , #CryptoReserve , #sol , #blockchain , #bitcoin

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