Classover (KIDZ) to Raise $500M for Solana Treasury Strategy
Classover Holdings Inc. (NASDAQ: KIDZ), a New York-based instructional innovation company, has revealed a bold plan to raise as much as $500 million through senior secured convertible notes. The capital will be utilized to construct a treasury reserve mainly backed by Solana (SOL), making Classover one of the first openly traded firms to pursue a non-Bitcoin cryptocurrency strategy at such scale. Initial Steps and Market Response To kickstart the treasury strategy, Classover has already bought 6,472 SOL tokens, valued at roughly $1.05 million.
