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. According to the agreement, the company will sell up to $400 million worth of Class B common stock. The proceeds from this equity subscription will be used to support the company's digital asset reserve strategy centered around Solana, as well as for working capital and strategic acquisitions. According to this measure, subject to certain restrictions, Classover will allocate a significant portion of the proceeds from the sale of any stocks through this agreement to purchase, hold for the long term, and pledge SOL tokens - making it one of the first listed companies to directly incorporate SOL into its core storage business. In addition, the company also plans to operate SOL verification nodes to facilitate network decentralization and security, while earning on chain staking rewards.
