Classover to accept solana as payment method for educational services

Published 03/10/2025, 13:08
Classover to accept solana as payment method for educational services

NEW YORK - Classover Holdings Inc. (NASDAQ:KIDZ), a micro-cap education technology company with a market capitalization of $27.82 million, will begin accepting Solana (SOL) cryptocurrency as a payment method for its K-12 educational AI services, according to a press release statement issued Friday.

The Nasdaq-listed education technology company described the move as positioning it among the first publicly traded companies to directly integrate Solana into a consumer-facing payment platform.

Alongside this payment option expansion, Classover announced plans to launch a user engagement campaign promoting SOL staking through the company’s branded validator node on the Solana network. Users who delegate their SOL to Classover’s validator will receive bonus KIDZ lesson credits in addition to regular staking rewards.

The company also disclosed it currently holds 57,793 SOL in its treasury, valued at approximately $13.4 million as of October 2, 2025. According to InvestingPro data, this crypto position is significant given the company’s current revenue of $3.39 million in the last twelve months and negative EBITDA of $2.43 million. With a current ratio of 1.31, the company maintains moderate liquidity despite challenging market conditions.

"By accepting Solana as payment, we’re not just offering more convenience to our users but also demonstrating our confidence in the long-term role of blockchain technology in everyday life," said Stephanie Luo, CEO of Classover, in the statement.

Classover Holdings describes itself as a K-12 online education company that transforms teaching experience into AI-powered learning agents. The company claims to have accumulated over 420,000 hours of live teaching data to build what it calls a "Learning Genome" for personalized student support.

The integration of cryptocurrency payments aligns with what the company characterized as its broader blockchain strategy and commitment to building a SOL treasury reserve.

In other recent news, Classover Holdings, Inc. has made significant strides in its financial and operational strategies. The company reported that it holds approximately 57,131 Solana tokens valued at $11.27 million, with an aggregate purchase price of $8.55 million, reflecting an average cost basis of $149.70 per token. Classover has notably expanded its Solana holdings by about 295% since June 12, now totaling 52,067 tokens, with 75% staked to generate yield and support the Solana blockchain’s security and decentralization. Additionally, Classover has entered a second waiver agreement with Solana Growth Ventures LLC, extending registration deadlines for its senior secured convertible notes to October 31, 2025, and December 31, 2025, respectively. In a strategic move to enhance teacher recruitment, Classover has partnered with AI recruiting platform Litespace, aiming to streamline its hiring processes. These developments reflect Classover’s ongoing efforts to strengthen its position in the education technology and cryptocurrency sectors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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