Classover Holdings plans to raise $500 million to establish a SOL corporate treasury reserve with Solana as the core asset.
Classover has secured a $400 million equity purchase agreement with Solana Strategies Holdings, bringing the total potential financing power to $900 million.
80% of the raised funds will be used to purchase SOL tokens, while Chaince Securities LLC will advise Classover on acquiring, staking, and managing its Solana holdings.
Classover's commitment to a SOL-based treasury reserve aims to position the company as a pioneering entity embracing blockchain technology in its financial strategy.