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Classover Holdings Inc. (KIDZ) reported holding approximately 57,131 Solana tokens valued at $11.27 million as of July 21, 2025. The education technology company purchased the tokens at an average cost of $149.70 per token, totaling $8.55 million including staking rewards.
The company has secured two financing facilities totaling $900 million, comprising a $400 million equity purchase agreement and a $500 million senior secured convertible note investment. Classover stated it plans to allocate a substantial portion of these proceeds toward additional Solana acquisitions.
The tokens were valued at $197.26 each at the time of the announcement. Classover acknowledged that Solana’s price has been subject to significant fluctuations and volatility, noting that substantial price declines could adversely affect the company’s business and financial condition.
Founded in 2020, Classover provides live online courses for K-12 students worldwide. The New York-based company has integrated digital asset investments into its capital allocation strategy as part of its long-term vision.
The financing facilities are expected to provide enhanced financial flexibility for the company’s Solana-based treasury strategy, according to the press release statement.