The K -12 education company Classover has announced a step in the crypto through the construction of the Solana Reserve.
The company plans to release up to $ 500 million in senior convertable notes, of which 80% of which have been allocated to buy income (Fifth note of musical scaleThe move follows the growing pattern of companies expanding in crypto-related strategies with their main businesses.
According For the June 2 announcement, the classover has already purchased the price of 6,472 Sol around $ 1.1 million, which is to start its reserve. The release of $ 500 million in convertible notes comes through partnership with Solana Growth Ventures.
The classover is an online education company that offers learning courses for K -12 students worldwide. The day after the announcement on June 3, its shares reached $ 5.45 on NASDAQ, intraday increase of 46.5% at the time of publication.
According to the company, issuing up to $ 500 million in convertable notes can complement the classover $ 400 million equity procurement agreement. Combined, these two financing methods will be the company’s Solan purchasing power to $ 900 million.
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Solana reserved companies
The axis of the classover for the Solana Reserve Company marks the tendency of some publicly trading companies, which turns to Sol to make more revenue currents and spark investors interest.
In May, SOL strategies, a publicly trading Canadian company, Regulatory permission sought To increase your sol stacking operation by $ 1 billion. The company’s Q2 2025 income report expanded Verification and revenue,
Also listed on UTEXI, NASDAQ, Its shares saw a decline of 630% After the announcement of an increase of $ 100 million in April, 90% of funds pledged for Soul purchases.
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