Classover to Issue Up To $500M for SOL Reserve

Clasover, an educational company K-12, has announced the move to Crypto by creating the Solana Reserve.

The company plans to issue up to $ 500 million in upper convertible notes, with 80 % of revenue to buy Solana (SOL). This step follows an increasing pattern of companies that expand to encryption strategies as well as their basic business.

According to To the June 2 advertisement, Classover has already purchased 6,472 Sol worth approximately $ 1.1 million to start its reserves. The $ 500 million version of convertible notes comes with a partnership with Solana Growth Ventures.

Clasover is an online educational company that offers educational courses for kindergarten students until the twelfth grade worldwide. On June 3, a day after the announcement, its shares receipt $ 5.45 on the Nasdaq Stock Exchange, which is 46.5 % in the day.

According to the company, the issuance of up to $ 500 million of convertible observations may be a complement to the $ 400 million stock purchase agreement. Completely, these two financing methods would reach the Solana purchase power of the company of $ 900 million.

Related to: Defi Development Corp Corp adds $ 11.5 million, and shares jump by 12 %

Solana reserve companies

The Classover axis to Solana Reserve is a trend for some of the audience -circulating companies that turn to Sol to create more revenue flows and spark investor benefits.

In May, Sol Strategies, a Canadian company circulating for the public, sought an organizational permission to raise up to one billion dollars for SOLD StAKING. The company’s profit report, Q2 2025, revealed the high revenues and revenues of the auditor.

Upexi, which was also included on the NASDAC Stock Exchange, saw its shares increased by 630 % after it announced an increase of $ 100 million in April, with 90 % of the funds pledged to Sol purchases.

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