{"id":29990,"date":"2025-06-03T13:33:20","date_gmt":"2025-06-03T13:33:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29990"},"modified":"2025-06-03T13:33:20","modified_gmt":"2025-06-03T13:33:20","slug":"classover-taps-500m-convertible-note-deal-to-boost-solana-treasury-strategy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29990","title":{"rendered":"Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy"},"content":{"rendered":"<div>\n<p>Classover Holdings (KIDZ), a publicly traded online education company, has revealed it\u2019s making a big bet on solana SOL.<\/p>\n<p>The company said in a <a href=\"https:\/\/classover.com\/en\/press-releases\/classover-completes-initial-sol-purchase-and-enters-into-new-purchase-agreement-to-sell-up-to-500-million-of-notes-to-accelerate-sol-treasury-strategy\/\">press release that<\/a> it entered a new agreement to sell up to $500 million in senior secured convertible notes, aiming to use most of the proceeds to build a treasury of SOL tokens.<\/p>\n<p>The agreement, made with Solana Growth Ventures , allows for an initial $11 million funding round. Classover plans to allocate up to 80% of the net proceeds from the notes toward SOL purchases.<\/p>\n<p>These notes can be converted into Class B shares at double the stock&#8217;s trading price prior to closing, with adjustment clauses baked in. It\u2019s worth noting that other firms, including Defi Development Corp., are also <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/26\/defi-development-plans-to-raise-1-billion-to-buy-more-solana\">doubling down on their SOL treasury<\/a> initiatives.<\/p>\n<p>Classover\u2019s move builds on its earlier acquisition of 6,472 SOL, for roughly $1.05 million, marking the beginning of its solana accumulation strategy.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Classover Holdings (KIDZ), a publicly traded online education company, has revealed it\u2019s making a big bet on solana SOL. The company said in a press release that it entered a new agreement to sell up to $500 million in senior secured convertible notes, aiming to use most of the proceeds to build a treasury of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29990","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29990"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29990\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}