Education tech company Classover raises up to $500 million in Solana (SOL) investment.

2025-06-03 07:52:56

Abstract generation in progress

## Staking strategy also

The Nasdaq-listed educational technology company Classover Holdings announced on the 2nd that it has entered into a funding agreement with Solana Growth Ventures LLC for up to $500 million (approximately 70 billion yen).

Allocate up to 80% of the raised funds for the purchase of Solana (SOL) tokens, aiming for operational profits through Staking.

Secured a large funding allocation of 900 million dollars

The company has already signed a $400 million stock purchase agreement with Solana Strategies Holdings LLC in May 2025, securing a total funding limit of $900 million (approximately 130 billion yen) when combined with the current $500 million.

In this contract, we will issue senior secured convertible bonds to raise an initial amount of 11 million dollars (approximately 1.5 billion yen). These bonds can be converted into Class B common stock at twice the stock price on the trade execution date, and up to 80% of the raised funds will be allocated for the purchase of SOL.

This bond can be converted into shares at twice the price of Classover’s stock price. If the stock price rises, investors can convert the bond into shares to aim for profit. Since it is a senior secured bond, the risk for investors is considered relatively low even if Classover is unable to repay.

Classover has already purchased 6,472 SOL worth approximately $1.05 million. The acquired SOL will be held long-term, aiming to earn an annual return of about 5-8% through Staking on the Solana network, depending on market conditions.

EdTech company’s cryptocurrency strategy

Classover Holdings is an EdTech company based in New York that was established in 2020, providing online live classes utilizing AI technology for students from kindergarten to high school (K-12). It offers personalized tutoring and small group courses to students in over 30 countries, aiming to foster creativity and problem-solving skills.

On the financial side, while sales are expected to reach $3.62 million in 2024 (a 19% increase year-on-year) and $10 million to $15 million in 2025, the net assets stand at -$4.19 million and the net loss for 2024 is projected at $176,000, indicating a weak financial situation.

CEO Hui Luo commented, “We will be a pioneer in integrating cryptocurrency into corporate finance through financial strategies utilizing SOL.”

Related Articles: Comprehensive Overview of Solana (SOL) Exchanges, How to Buy, and Risks

SOL-6,39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.