Classover Holds ~57,131 SOL Tokens, Reporting $11.27M In Solana Holdings; Plans Further Acquisitions Using $900M In Financing Facilities

Author: Benzinga Newsdesk | July 22, 2025 07:38am

Classover Holdings, Inc. (NASDAQ:KIDZ)(NASDAQ:KIDZW) ("Classover" or the "Company"), a leading provider of live, interactive online learning, today provided an update on its Solana ("SOL") treasury holdings. As of July 21, 2025, the Company holds approximately 57,131 SOL tokens, representing a total market value of approximately $11.27 million, based on a current per-token price of $197.26. The aggregate purchase price for these holdings was approximately $8.55 million, reflecting an average cost basis of $149.70 per SOL, inclusive of staking rewards.

Classover recently entered into two previously announced financing facilities: a $400 million equity purchase agreement and a $500 million senior secured convertible note investment. A substantial portion of the proceeds from these facilities is intended to be allocated toward continued SOL acquisitions.

These transactions are expected to provide enhanced financial flexibility and capital access to expand the Company's Solana-based treasury strategy. With the ability to draw on these facilities as conditions permit, Classover is well-positioned to accelerate SOL accumulation and further strengthen its balance sheet.

Classover continues to expand on its long-term strategic vision of integrating digital assets into its capital allocation framework, leveraging blockchain infrastructure to drive innovation, improve operational efficiency, and create lasting value for shareholders.

However, the price of SOL has historically been subject to dramatic price fluctuations and is highly volatile. There can be no assurance that the per-token price of SOL will not fall substantially, which could adversely affect our business, our financial condition and results of operations, and our market value.

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