Classover, a publicly listed company in the United States, aims to become a SOL reserve company! They raised $500 million, with a single-day pump of nearly 40%.

Nasdaq-listed education technology company Classover (KIDZ) announces $500 million to build a Solana (SOL) corporate reserve, spurring shares to soar nearly 40% in a single day (Synopsis: Metaplanet threw another 117 million magnesium to buy bitcoin, with a total position of 8,888, becoming the world's top ten corporate holders) (Background supplement: Russia's largest bank Sberbank issues structured bonds linked to bitcoin, next to launch BTC futures products) Edtech companies are also turning! Nasdaq-listed Classover Holdings Inc. ( ticker: KIDZ) announced a major fundraising plan of up to $500 million to build a Solana (SOL)-based corporate reserve. The news spurred Classover shares to soar nearly 40% on the day of the announcement. Strategic Layout and Financial Motivation for Solana Reserves Classover Holdings Inc. (NASDAQ: KIDZ) Founded in 2020, it focuses on online live education for students in grades K-12. The company recently announced that it has entered into a securities purchase agreement with Solana Growth Ventures LLC, aiming to raise up to $500 million through the issuance of senior secured convertible notes. The funds will be used primarily to build up its Solana (SOL) Enterprise Reserve. After the announcement, Classover's stock price jumped 39.85% in the Nasdaq market, and finally closed at $3.72; Despite this, its share price has fallen 48.19% in the month before the announcement and is also down 7.23% so far this year. The fundraising plan is an extension of Classover's previously announced $400 million share purchase agreement. Combined, the total potential financing capacity planned for the purchase of SOL by the company has reached $900 million. Under the terms of the agreement, Classover must use 80% of the net proceeds from the offering to purchase SOL and expects to make its first capital injection of $11 million shortly after customary closing conditions are met. Notably, prior to signing this large-scale agreement, Classover had purchased 6,472 SOL tokens through the initial part of its SOL reserve strategy, valued at approximately $1.05 million at the time. Stephanie Luo, CEO of Classover, emphasized: "This agreement marks a major milestone in building a strong SOL reserve strategy. We are not only embracing the transformative potential of digital assets, but also committed to becoming a leader in blockchain financial strategies, positioning Classover as one of the first listed companies to integrate SOL directly into reserve operations." Businesses miss BTC, embrace SOL? Recently, more and more public companies have actively incorporated SOLs into their corporate reserves, such as DeFi Development Corp. (NASDAQ: DFDV) has held more than 620,000 SOLs with a total value of more than 100 million US dollars, and is actively pledged through liquidity (LSTs) and verification node operations to seek additional revenue. Another company, Upexi Inc. (NASDAQ: UPXI) adopted a buy-lock SOL strategy to maximize the value of its assets. In addition, organizations such as Sol Strategies plan to further invest in the Solana ecosystem through fundraising. It has to be said that micro-strategy does open another way for listed companies. Related reports Metaplanet threw another 117 million magnesium to buy bitcoin, with a total position of 8,888, becoming the world's top ten corporate holders Meta vetoes the "bitcoin reserve" case, less than 0.1% of shareholders support: funds give priority to buy AI graphics cards 〈Classover, a listed company in the United States, grabs the SOL reserve enterprise! Raising $500 million, up nearly 40% in a single day" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".