Classover Holdings' $500 Million Solana Treasury Strategy: A New Era in Corporate Finance
Announced on June 2, 2025, this move of securing $500M for Solana Treasury Strategy positions Classover as a pioneer among publicly traded companies integrating cryptocurrency into corporate finance. The company plans to allocate up to 80% of the proceeds to purchase and hold $SOL, the native token of the Solana blockchain, signaling a significant shift toward blockchain-based financial strategies.
Details of the $500M Funding Deal for Solana Treasury Strategy
Classover secured the funding through a securities purchase agreement with Solana Growth Ventures LLC, issuing senior secured convertible notes worth up to $500 million.
An initial $11 million tranche is expected to close soon, with the potential for an additional $400 million from a prior equity purchase agreement, bringing the total funding to $900 million.
This capital will fuel Classover’s Solana treasury strategy, which includes purchasing $SOL, staking tokens for rewards, and operating validator nodes to support Solana’s decentralized network.
Last updated