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$500M Solana Investment Planned by Classover to Strengthen Treasury

  • Classover Holdings Inc. secures a $500 million financing deal with Solana Growth Ventures LLC for senior secured convertible notes.
  • Up to 80% of the net proceeds from the agreement will be used to purchase SOL tokens to strengthen the company's financial position.
  • The move aims to address operational and liquidity challenges, with Classover aiming to diversify and stabilize its balance sheet.
  • The financing deal follows a prior $400 million equity raise, highlighting a strategic shift towards developing a blockchain-based treasury reserve around Solana.

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