Classover Secures $400 Million Facility for Investment in Solana

MT Newswires Live

May 02

Classover (KIDZ) entered into an equity purchase facility agreement with Solana Strategies Holdings LLC, under which the company will sell up to $400 million of its class B common stock to Solana Strategies.

The company said Thursday that it plans to use the facility proceeds for its Solana (SOL-USD)-centric digital asset treasury strategy as well as for working capital and strategic acquisitions.

Classover said it will allocate a significant portion of the proceeds to the purchasing, long-term holding and staking of Solana tokens.

The educational technology company also plans to operate SOL validator nodes to contribute to the network's decentralization and security while generating on-chain staking rewards.

Price: 3.33, Change: +2.18, Percent Change: +189.57

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