Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy

Classover Holdings (KIDZ), a publicly traded online education company, has revealed it’s making a big bet on solana SOL.The company said in a press release that it entered a new agreement to sell up to $500 million in senior secured convertible notes, aiming to use most of the proceeds to build a treasury of SOL tokens.The agreement, made with Solana Growth Ventures , allows for an initial $11 million funding round. Classover plans to allocate up to 80% of the net proceeds from the notes toward SOL purchases source: https://www.coindesk.com/markets/2025/06/03/classover-taps-500m-convertible-note-deal-to-boost-solana-treasury-strategy