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Classover Holdings Inc. (KIDZ) reported holding approximately 57,131 SOL tokens valued at $11.27 million as of July 21, 2025, according to a company statement. The education technology company purchased the Solana tokens for an aggregate cost of $8.55 million, reflecting an average cost basis of $149.70 per token.
The company recently secured two financing facilities totaling $900 million, including a $400 million equity purchase agreement and a $500 million senior secured convertible note investment. Classover indicated that a substantial portion of proceeds from these facilities will be allocated toward additional SOL acquisitions.
The current SOL holdings represent unrealized gains based on the token price of $197.26 at the time of the announcement. Classover acknowledged that SOL prices have historically experienced significant volatility and warned that substantial price declines could adversely affect its business and financial condition.
Founded in 2020, Classover provides live online educational courses for K-12 students. The company stated it intends to integrate digital assets into its capital allocation framework as part of its long-term strategy.
The financing facilities are expected to provide enhanced financial flexibility for the company’s Solana-based treasury strategy, subject to drawing conditions. Information in this report is based on a company press release.