In a surprising shift beyond the education sector, Classover—a company best known for its online learning programs for K-12 students—is diving into digital assets by building a reserve of Solana (SOL).
The firm revealed on June 2 that it has begun acquiring SOL, starting with a $1.1 million purchase of 6,472 tokens. But this is only the beginning.
Through a partnership with Solana Growth Ventures, Classover aims to raise up to $500 million via senior convertible notes, with 80% of the proceeds earmarked for additional SOL purchases.
This move is part of a growing trend where traditional companies are weaving crypto strategies into their business models, blurring the lines between core operations and digital finance.
For Classover, this expansion could complement its recently announced $400 million equity purchase agreement—bringing its potential Solana buying power to a staggering $900 million.
Investor interest appears to be rising alongside the announcement. On June 3, Classover’s stock saw a sharp surge, climbing 46.5% intraday to hit $5.45 on Nasdaq.
While Classover remains focused on providing educational services globally, this new financial direction could reshape its identity as it aligns with the broader wave of institutional interest in crypto assets.
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