01:24 PM EDT, 05/01/2025 (MT Newswires) -- Classover ( KIDZ ) entered into an equity purchase facility agreement with Solana Strategies Holdings LLC, under which the company will sell up to $400 million of its class B common stock to Solana Strategies.

The company said Thursday that it plans to use the facility proceeds for its Solana (SOL-USD)-centric digital asset treasury strategy as well as for working capital and strategic acquisitions.

Classover ( KIDZ ) said it will allocate a significant portion of the proceeds to the purchasing, long-term holding and staking of Solana tokens.

The educational technology company also plans to operate SOL validator nodes to contribute to the network's decentralization and security while generating on-chain staking rewards.

Price: 3.33, Change: +2.18, Percent Change: +189.57