From Cointelegraph
June 3, 2025 1:41 pm:

Classover, an online K-12 education company, ventures into crypto with a Solana reserve. They plan to issue $500 million in senior convertible notes, with 80% allocated to purchasing Solana (SOL). Classover has already bought 6,472 SOL worth $1.1 million and partnered with Solana Growth Ventures for the issuance.

The company’s shares surged 46.5% to $5.45 on Nasdaq following the announcement. The issuance of up to $500 million in convertible notes complements a $400 million equity purchase agreement, boosting Classover’s Solana purchasing power to $900 million.

Publicly traded companies, like SOL Strategies and Upexi, are turning to SOL for revenue streams and investor interest. SOL Strategies sought regulatory approval to raise $1 billion for staking operations, reporting a rise in validator and staking revenue. Upexi saw a 630% share increase after announcing a $100 million raise with 90% going towards SOL purchases.

Read more at Cointelegraph: Classover to Issue Up To $500M for SOL Reserve