Classover Holdings, Inc. (NASDAQ:KIDZ)(NASDAQ:KIDZW) ("Classover" or the "Company"), a leading provider of live, interactive online learning, today announced that it has entered into an Equity Purchase Facility Agreement with Solana Strategies Holdings LLC providing for the sale by the Company of up to $400 million of Class B Common Stock.

Proceeds from the facility will be used to support the Company's Solana-centric digital asset treasury strategy as well as for working capital and strategic acquisitions. Under this initiative, Classover will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and staking of Solana ("SOL") tokens - positioning itself among the first publicly traded companies to integrate SOL directly into its core treasury operations. In addition, the Company plans to operate SOL validator nodes to contribute to the network's decentralization and security while generating on-chain staking rewards.

The Company's asset treasury strategy reflects its commitment to innovation and forward-looking asset management. Key initiatives under the strategy include:

Acquiring and holding SOL as a primary corporate reserve asset;

Operating SOL validators to earn staking rewards and contribute to the network's security and decentralization; and

Reinvesting staking yields to further expand the Company's SOL holdings and strengthen its engagement within the SOL ecosystem.

By adopting SOL as its core reserve asset, Classover aims to enhance its balance sheet with a high-performance, scalable digital asset, while strategically aligning itself with the growing decentralized finance (DeFi) economy.

Comments

Classover Holdings Stock News

News

Latest Classover Holdings Stock News | NASDAQ:KIDZW | Benzinga

Thursday, May 01, 2025

Tuesday, April 08, 2025

People Also Watch

Connect With Us

About Benzinga

Market Resources

Trading Tools & Education

Ring the Bell