The move is part of a broader strategy to strengthen its financial position and tap into the growing appeal of Solana. The initial deal includes an $11 million convertible note, giving investors the option to convert into Classover shares at a premium price.
Under the agreement, at least 80% of the funds raised will go directly into buying SOL. When combined with a previous equity agreement, Classover now has up to $900 million in funding capacity to build its Solana reserve.
The news sent Classover’s stock soaring by 40%, reflecting market excitement over the crypto strategy. The company has already started building its reserve with an earlier purchase of 6,472 SOL, valued at just over $1 million.
The CEO called the agreement a major step forward and stressed the company’s focus on integrating Solana into its future plans.
More and more public companies are now adding top digital assets like SOL, ETH, and BTC to their balance sheets. Just days ago, another firm committed $30 million to SOL staking, and others are doing the same with Ethereum.
Following the announcement, the price of Solana edged higher. Investors are watching closely to see how moves like these will shape the competition between ETH and SOL in the coming months.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
