PANews reported on May 1st that, according to Chainwire, online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ,KIDZW) announced that it has signed an equity subscription agreement with Solana Strategies Holdings LLC. Under the agreement, the company will sell up to $400 million of Class B common stock. The proceeds from this equity subscription will be used to support the company's Solana-centric digital asset reserve strategy, as well as for working capital and strategic acquisitions. According to this move, subject to certain restrictions, Classover will allocate a significant portion of the proceeds from the sale of any stocks under the agreement to purchase, long-term hold, and stake SOL tokens - making it one of the first listed companies to directly incorporate SOL into its core reserve business. Additionally, the company plans to operate SOL validator nodes to help decentralize and secure the network while earning staking rewards.
