Classover Holdings, Inc., an education technology company cited in Nasdaq. issues up to $500 million in convertible senior bonds guaranteed funding for the Strategic Solana (SUN) Reserve.
Of the net profit, 80% is used to purchase this cryptocurrency. A strategy inspired by Michael Saylor’s model (Strategy CEO), but replace Bitcoin (BTC) with the Sun.
The deal, signed with Solana Growth Ventures LLC, envisions an initial closure of $11 million. Subject to normal funding conditions. The bonds can become class-over regular Class B stocks at an initial price equivalent to 200% of the closing price of the stock the day before closing, and are adjusted according to established terms.
The issue adds to a previous agreement to buy shares for $400 million. Increases the company’s total lending capacity to $900 million.
Classover had already launched the Treasury strategy in Solana prior to this announcement. The company has acquired 6,472 Sol for around $1.05 million, the first step in its long-term plan to accumulate tokens for the network. Additionally, the company will investigate the purchase of discounted block blocks. You are trying to optimize your accumulation strategy.
Classover’s Executive Director Hui Luo emphasized that the agreement “reinforces Classover’s commitment to leading financial strategies based on a distributed network.” Integrate the Sun directly into your finances operations.
Classover’s decision reflects a new trend among public companies seeking to diversify reserves with cryptocurrency. Inspired by Michael Saylor’s strategy. Classover adapts this approach to Solana, a network known for its high speed and low transaction costs.
This conversion bond emissions allow class over to gain financial flexibility. The holder of the promissory note can convert the investment into company stock. The structure of the contract that forces the allocation of most funds to the purchase of Solanaensuring that your financial strategy remains focused on cryptocurrency.
However, the strategy is not exempt from risk. volatility of cryptocurrency including the sun; It raises challenges for companies that make up these assets with their balances. However, Solana has the fuel to raise prices again this year. In fact, some people estimate that this Altcoin will reach $300 in this cycle, as reported by encryption.
