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Investing.com -- Classover Holdings Inc (NASDAQ:KIDZ) stock surged 25% after the online education company announced a substantial increase in its Solana (SOL) cryptocurrency holdings.
The company revealed it has expanded its SOL treasury reserve by approximately 295% since its last update on June 12, bringing its total holdings to 52,067 SOL tokens. Classover has staked about 75% of these holdings with institutional-grade validators to generate yield while supporting the Solana blockchain’s security and decentralization.
"This expansion reflects our strong conviction in the long-term potential of the Solana ecosystem," said Ms. Luo, CEO of Classover. "We are committed to building a substantial and strategically aligned digital asset treasury."
The online education provider, which specializes in live, interactive online learning, indicated it plans to continue accumulating SOL as a core long-term holding to complement its broader technology and capital allocation strategy.
Classover’s move represents a growing trend among publicly traded companies diversifying their treasury assets with cryptocurrency holdings, though the strategy carries significant volatility risks compared to traditional cash reserves.
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