Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
From Yahoo Finance: 2025-06-03 09:27:00
Classover Holdings (KIDZ) is betting big on solana SOL, with plans to sell up to $500 million in senior secured convertible notes to build a treasury of SOL tokens. The initial $11 million funding round with Solana Growth Ventures will allocate 80% of net proceeds towards SOL purchases. Other firms, like Defi Development Corp., are also doubling down on their SOL treasury efforts. Classover previously acquired 6,472 SOL for $1.05 million to kickstart its solana accumulation strategy.
Read more at Yahoo Finance: Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy