Solana Gets a $500M Boost: Classover’s Bold Blockchain Strategy Explained

Solana Adoption Grows as Classover Unveils $500M Blockchain Treasury Plan

Solana Gets a $500M Boost – Classover Holdings Inc. (Nasdaq: CLOV) saw its stock price surge 39.85% on Monday, closing at $3.72, after announcing a bold move to build a Solana (SOL)-based corporate treasury. The New York-headquartered edtech firm disclosed that it has entered into a securities purchase agreement with Solana Growth Ventures LLC to issue up to $500 million in senior secured convertible notes.

According to the official statement, up to 80% of the net proceeds from this funding round will be allocated to purchasing SOL, the native token of the Solana blockchain, which has gained traction due to its speed and scalability in decentralized finance (DeFi) applications.

Strategic Blockchain Treasury Initiative

This latest capital raise builds on Classover’s previously announced $400 million equity purchase agreement, increasing its total potential financing capacity to $900 million, earmarked for SOL accumulation. The company said the initial $11 million in funding is expected to close shortly, pending standard conditions.

“This agreement marks a significant milestone in the company’s strategic initiative to build a SOL-based treasury reserve,” said Stephanie Luo, CEO of Classover. “By entering into this agreement, Classover reaffirms its strong commitment to becoming a leader in blockchain-aligned financial strategy.”

Market Response and Broader Context

The stock later dipped 1.88% in after-hours trading, according to Yahoo Finance. Despite Monday’s jump, Classover shares remain down 48.19% over the past month and 7.23% year-to-date. Founded in 2020, Classover provides live online education for K–12 students, but recently pivoted to include digital asset strategies in its operations.

Classover joins a growing list of companies — including SOL Strategies, DeFi Development Corp., Upexi, and Janover — integrating Solana into their financial strategies as either a complement to or departure from their original business models.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.