Classover Holdings (KIDZ), a publicly traded online education company, has revealed it’s making a big bet on solana SOL.
The company said in a press release that it entered a new agreement to sell up to $500 million in senior secured convertible notes, aiming to use most of the proceeds to build a treasury of SOL tokens.
📖 Related Reading
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
- 📰 Here’s what happened in crypto today
The agreement, made with Solana Growth Ventures , allows for an initial $11 million funding round. Classover plans to allocate up to 80% of the net proceeds from the notes toward SOL purchases.
These notes can be converted into Class B shares at double the stock’s trading price prior to closing, with adjustment clauses baked in. It’s worth noting that other firms, including Defi Development Corp., are also doubling down on their SOL treasury initiatives.
📖 Related Reading
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
- 📰 Here’s what happened in crypto today
Classover’s move builds on its earlier acquisition of 6,472 SOL, for roughly $1.05 million, marking the beginning of its solana accumulation strategy.
🔗 You Might Also Be Interested In
📖 Related Reading
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
- 📰 Here’s what happened in crypto today
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Here’s what happened in crypto today
📖 Related Reading
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
- 📰 Here’s what happened in crypto today
The Convergence of TradFi and Digital Asset Markets – A Maturing Ecosystem
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Here’s what happened in crypto today
The Convergence of TradFi and Digital Asset Markets – A Maturing Ecosystem
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Here’s what happened in crypto today
The Convergence of TradFi and Digital Asset Markets – A Maturing Ecosystem
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Here’s what happened in crypto today
The Convergence of TradFi and Digital Asset Markets – A Maturing Ecosystem
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!