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NEW YORK - Classover Holdings, Inc. (NASDAQ:KIDZ), a micro-cap company with a market capitalization of $66.8 million, disclosed Tuesday that it holds approximately 57,131 Solana tokens valued at $11.27 million, based on the current price of $197.26 per token.
The educational technology company reported an aggregate purchase price of $8.55 million for these holdings, reflecting an average cost basis of $149.70 per SOL, inclusive of staking rewards.
Classover recently secured two financing facilities: a $400 million equity purchase agreement and a $500 million senior secured convertible note investment. According to the company, a substantial portion of these proceeds will be allocated toward additional Solana acquisitions.
The online learning provider stated these transactions are expected to provide financial flexibility to expand its Solana-based treasury strategy and potentially accelerate token accumulation.
Founded in 2020, Classover specializes in live online courses for K-12 students, offering curriculum across various learning levels and interests.
The company acknowledged in its statement that Solana prices have historically experienced significant volatility, which could potentially impact its business and financial condition.
This information was disclosed in a company press release.
In other recent news, Classover Holdings Inc. has made significant financial moves by expanding its Solana (SOL) cryptocurrency holdings by approximately 295% since June 12, reaching a total of 52,067 SOL tokens. The company has strategically staked about 75% of these tokens with institutional-grade validators to generate yield and support the Solana blockchain’s security and decentralization. In addition, Classover has secured a securities purchase agreement with Solana Growth Ventures LLC for up to $500 million in senior secured convertible notes, marking a substantial investment in its Solana treasury strategy. This agreement includes an initial closing and funding of $11 million, pending customary closing conditions. Furthermore, Classover announced an increase in the annual salary of its Chief Financial Officer, Yanling Peng, to $156,000, effective May 1, 2025. This decision was documented in a Form 8-K filing with the Securities and Exchange Commission. These developments reflect Classover’s ongoing financial strategies and internal adjustments.
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