Classover, a K-12 education company, is venturing into the cryptocurrency space by establishing a Solana reserve. The company plans to issue up to $500 million in senior convertible notes, with 80% of the proceeds directed toward purchasing Solana (SOL) tokens. Following this announcement, Classover has already bought 6,472 SOL for approximately $1.1 million to kick off its reserve. The convertible notes will be issued in partnership with Solana Growth Ventures. Additionally, Classover has a $400 million equity purchase agreement, allowing it to potentially amass a total of $900 million for acquiring SOL. This strategy aligns with a broader trend of publicly traded companies exploring crypto to enhance revenue and attract investors. For instance, SOL Strategies has also sought to raise funds for SOL staking operations, while Upexi announced a significant capital raise for SOL purchases earlier this year.

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