Classover secures up to $500M to build Solana-based treasury reserve

Education technology company Classover Holdings has signed a securities purchase agreement with Solana Growth Ventures to issue up to $500 million in senior secured convertible notes to build a Solana (SOL)-based treasury reserve, according to Investing.com. The initial funding of $11 million is pending customary conditions, with up to 80% of net proceeds earmarked for SOL purchases.