Classover, a Nasdaq-listed online education platform, announced a significant shift in its treasury strategy by adopting a crypto-buying approach focused on Solana (SOL) rather than Bitcoin. The company plans to issue $500 million in senior secured convertible notes to acquire SOL, having already purchased 6,472 SOL worth approximately $1 million. CEO Hui Luo emphasized the company's commitment to integrating blockchain technology into its financial strategy, aiming to become a leader in the sector. This move follows a growing trend among publicly traded companies to build crypto treasuries, with competitors like DeFi Development Corporation also investing heavily in SOL. The surge in Classover's stock price, which increased by 44% following the announcement, reflects the market's positive reception to its innovative approach. Additionally, the article notes the rise of K33, another company that has adopted a Bitcoin treasury strategy. Overall, the trend indicates a broader acceptance of cryptocurrencies in corporate finance.

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