Classover Completes Initial SOL Purchase and Enters into New Purchase Agreement to Sell up to $500 Million of Notes to Accelerate SOL Treasury Strategy - Classover

▤ Summary

Classover entered into a securities purchase agreement for up to $500 million in senior secured convertible notes. The company expects an initial $11 million closing soon and plans to use up to 80% of net proceeds to buy Solana (SOL). This new financing adds to its earlier $400 million equity agreement and brings total potential capital for the strategy to $900 million. Classover says it has already bought 6,472 SOL and will continue building a long-term crypto treasury reserve.

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