Online education company Classover Holdings saw its Nasdaq-listed shares jump by 50% to $5.50 after revealing a bold new financial strategy centered on Solana (SOL). The company announced a senior secured convertible bond agreement worth up to $500 million with Solana Growth Ventures LLC.
Under the agreement, Classover will receive initial funding of $11 million and may issue bonds that can be converted into Class B common stock at twice the closing price from the day before the deal’s closure, with possible adjustments as outlined in the contract.
A core element of the strategy involves allocating up to 80% of the company’s net profits to acquire Solana tokens. The move aims to establish a SOL-based treasury, setting Classover apart as one of the first publicly traded firms to embed Solana directly into its corporate reserves.
CEO Ms. Luo described the agreement as a milestone in the firm’s transition toward a blockchain-integrated financial approach. “This deal marks a defining moment in our commitment to pioneering blockchain treasury innovation,” she said.
The $500 million bond plan builds on a previously announced $400 million stock purchase initiative, giving Classover a total capital strategy of $900 million focused on Solana. The firm has already taken its first step, acquiring 6,472 SOL (worth approximately $1.05 million), signaling the beginning of a long-term buy-and-hold strategy.
Based in New York, Classover offers live online classes for K–12 students across the globe, spanning general education and advanced programs, including AI-focused learning modules. The firm aims to combine educational innovation with a forward-looking blockchain investment strategy.
