Classover Adopts Solana for Crypto Treasury Strategy
- Classover, a Nasdaq-listed online education platform, is buying Solana (SOL) instead of Bitcoin.
- The company has purchased 6,472 SOL worth approximately $1.05 million.
- An agreement with Solana Growth Ventures LLC involves issuing $500 million in convertible notes to acquire Solana.
- Classover aims to integrate SOL into its treasury operations and stake the cryptocurrency.
- SOL is the native coin of the Solana blockchain, which competes with Ethereum.
Classover has committed to a crypto treasury strategy focused on Solana, purchasing over $1 million worth of SOL as part of a broader plan involving $500 million in convertible notes.
Source (2.6)https://decrypt.co/323484/publicly-traded-edtechs-stock-soars-44-solana-treasury-pivot?rand=52368