Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Classover Shares Soar 40% on $500M Solana-Based Treasury Plan

by
June 3, 2025
in Crypto News
0
Classover Shares Soar 40% on $500M Solana-Based Treasury Plan
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Key Takeaways:

Classover plans to raise $500M for a Solana-based corporate treasury. Up to 80% of the funds will be allocated to purchasing SOL tokens. Corporate interest in crypto reserves is rising, with firms like VivoPower and Trump Media also entering the space.

Shares of Nasdaq-listed educational technology firm Classover Holdings surged nearly 40% on Monday after unveiling a plan to raise up to $500 million for a Solana (SOL)-based corporate treasury.

The New York-headquartered company announced it had signed a securities purchase agreement with Solana Growth Ventures LLC, aiming to issue up to $500 million in senior secured convertible notes.

An initial $11 million funding is expected soon, pending customary closing conditions.

Classover to Allocate 80% of New Funding to Solana Purchases

Under the agreement, Classover is required to allocate up to 80% of net proceeds toward purchasing SOL, the native token of the Solana blockchain.

“This agreement marks a significant milestone in the company’s strategic initiative to build a SOL-based treasury reserve,” said Classover CEO Stephanie Luo.

“By entering into this agreement, Classover reaffirms its strong commitment to becoming a leader in blockchain-aligned financial strategy.”

The latest deal adds to Classover’s previously announced $400 million equity purchase agreement, bringing its combined potential financing for SOL purchases to $900 million.

NASDAQ: KIDZW Update: New Solana Treasury Strategy corporation SOLANA GROWTH VENTURES – currently trading as Classover Completes Initial $SOL Purchase and Enters into New Purchase Agreement to Sell up to $500 Million of Notes to Accelerate SOL Treasury Strategy

Ms. Luo, Chief… pic.twitter.com/d2ofFxFnA6

— MartyParty (@martypartymusic) June 3, 2025

Following the announcement, Classover shares jumped 39.85% to close at $3.72 on Monday, though they dipped 1.88% in after-hours trading, according to Yahoo Finance data.

The stock remains down 48.19% over the past month and 7.23% year-to-date.

Founded in 2020, Classover provides live online education for K-12 students.

The company began its SOL treasury initiative last month, positioning the blockchain token as a key asset in its balance sheet.

Classover’s move reflects a broader trend of corporate Solana adoption.

Firms such as SOL Strategies, DeFi Development Corp., Upexi, and Janover have also begun accumulating SOL, either to complement existing operations or to pivot toward blockchain-focused strategies.

Interest in Cryptocurrencies as Reserve Rises

Last month, the publicly listed energy company VivoPower revealed that it is investing $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.

The number of public companies holding Bitcoin also continues to grow.

According to data from BitcoinTreasuries.NET, 116 public firms have now added Bitcoin to their balance sheets. Recent additions include GameStop and Swedish health tech company H100.

MicroStrategy remains the largest corporate Bitcoin holder, with 580,250 BTC worth approximately $60.9 billion.

Other major holders include Marathon Digital Holdings and Tesla, both with over $1 billion in Bitcoin.

As reported, digital asset companies are flooding capital markets to raise funds for large-scale Bitcoin acquisitions, spurred by the cryptocurrency’s rally to a record $111,965 last week.

The surge, up more than 50% from early April, has ignited a wave of listings and mergers as firms race to secure funding while investor appetite remains strong.

Last week, Trump Media & Technology Group confirmed plans to raise $2.5 billion to buy crypto, joining a growing list of firms mimicking MicroStrategy’s blueprint.

The post Classover Shares Soar 40% on $500M Solana-Based Treasury Plan appeared first on Cryptonews.

Previous Post

Blockchain Group Scoops Up 624 Bitcoin in $68M Transaction

Next Post

South Koreans cast votes for new president to succeed Yoon after his ouster over martial law declaration

Next Post
South Koreans cast votes for new president to succeed Yoon after his ouster over martial law declaration

South Koreans cast votes for new president to succeed Yoon after his ouster over martial law declaration

  • Trending
  • Comments
  • Latest
Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

May 9, 2025
Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

May 10, 2025
Murchison South Increases to 67koz Gold Across Two Pits

Murchison South Increases to 67koz Gold Across Two Pits

May 13, 2025
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

May 8, 2025
Victoria Gold-Silver Exploration Update

Victoria Gold-Silver Exploration Update

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Victoria Gold-Silver Exploration Update

Victoria Gold-Silver Exploration Update

June 5, 2025
Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

June 5, 2025
Satellite Imagery and Gold Exploration

Satellite Imagery and Gold Exploration

June 5, 2025
Scoping Study Demonstrates Low Cost ISR Uranium Potential

Scoping Study Demonstrates Low Cost ISR Uranium Potential

June 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Victoria Gold-Silver Exploration Update

    Victoria Gold-Silver Exploration Update

    June 5, 2025
    Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

    Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

    June 5, 2025
    Satellite Imagery and Gold Exploration

    Satellite Imagery and Gold Exploration

    June 5, 2025
    Scoping Study Demonstrates Low Cost ISR Uranium Potential

    Scoping Study Demonstrates Low Cost ISR Uranium Potential

    June 5, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved