Classover Uses $500M Convertible Note Funding to Advance Solana Treasury Approach

Classover Holdings Secures $500M Convertible Note Deal to Expand Solana Holdings

Classover Holdings (KIDZ), the online education company traded publicly, is doubling down on its Solana (SOL) investment strategy by launching a $500 million senior secured convertible note issuance.

The company plans to direct up to 80% of the proceeds from this funding round into purchasing SOL tokens, significantly growing its crypto treasury.

Partnering with Solana Growth Ventures, Classover’s initial tranche will raise $11 million as part of a broader financing initiative. Investors in the notes have the right to convert into Class B shares at twice the company’s stock price before closing, with protective adjustment features.

This strategic move follows Classover’s earlier acquisition of over 6,400 SOL tokens for approximately $1.05 million and aligns with similar Solana treasury expansions by other industry players like Defi Development Corp.