Classover, another company that quotes in Nasdaq to pursue a solery treasury

By Hannah Pérez

More and more public companies bet on a sun for their treasury. Classover will raise USD $ 500 million to strengthen your Solana reserve. They add to the more than USD $ 1 million that already invested in Sol.

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• The list of public companies that bet on Solana grows for their treasury.
• Classover will raise USD $ 500 million to strengthen your Solana reserve.
• They add to the more than USD $ 1 million that already invested in Sol.
• Development and Sol Strategies are others that accumulate sun in their corporate balance.

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Classover Holdings It has joined the tendency of companies that adopt cryptocurrencies for their strategic reserves after selecting Solarium (Sun) as a key asset to transform your treasury.

The educational technology company that is quoted at NASDAQ on Monday reported raise up to USD $ 500 million to build a sun -based corporate treasurythe native token of the block chain of Solarium.

In a statement, the company based in New York said it has been associated with Solana Growth Ventures LLC to issue convertible notes insured senior for the aforementioned sum. He added that he expects an initial closure and the financing of USD $ 11 million to occur rapidly after the usual closing conditions have been met.

The notes can be converted by the holder into ordinary shares of the companies at an initial conversion price equal to 200% of the closing price of the ordinary shares of the companies of the companies on the negotiation day immediately prior to the closing date, subject to adjustment as provided in the notes, according to the statement.

Fresh capital will serve CLASSOVER To launch a treasury of Solarium. According to the terms of the agreement, the company must dedicate up to 80% of the net income to the purchase of sun, details the letter.

Classover reaffirms her commitment to Solana

This initiative complements the previous capital purchase agreement of USD $ 400 million CLASSOVERwhich raises its total potential financing capacity to USD $ 900 million to support its sun acquisition strategy.

“This agreement marks a significant milestone in Company’s strategic initiative to build a sun -based treasury reserve“Stephanie Luo said CEO of CLASSOVER.

The measure occurs when the company navigates for liquidity challenges. According to data from InvestingPro, The current relationship of the company of only 0.02 highlights a significant pressure of working capital. Therefore, this last financing and association with Solana Growth VenturesThey help him navigate through the survival crisis.

CLASSOVERfounded in 2020, is dedicated to live online education for primary and secondary students. The company had already started its Sol reserve strategy last month, with a purchase of 6,472 Sol For approximately USD $ 1.05 million, marking the first step in its long -term strategy to acquire, maintain and bet tokens Solarium.

At that time, the firm said the strategy of Solarium I would allow him “Improve your balance with a high performance scalable digital asset“

From the recent agreement, CLASSOVER “It reaffirms its strong commitment to become a leader in the financial strategy aligned with Blockchain and position themselves among the first companies that are quoted in the stock market to directly integrate Sun into their treasury operations“The CEO added in Monday’s statement.

More public companies accumulate sun

Solarium It is one Blockchain of layer 1 designed to be fast, scalable and low cost, focused on decentralized applications (DAPPS) and decentralized finance (DEFI). Its native token sun is the largest sixth in the cryptocurrency market with a capitalization of UDS $ 84 billion, according to Coinmarketcap. Its price is USD $ 160.7 at the time of editing.

CLASSOVER joins a growing list of companies that adopt accumulation strategies Solarium. While several public companies have moved to buy Bitcoin For their treasury, others have seen great potential in the Altcoin.

DEFI DEVELOPMENT CORPpreviously known as Janover And that also quotes its actions in the Nasdaq stock market, has been building a sun reserve, which by the end of May reported was made up of 609,190 Sol.

Sol Strategieswhich lies its actions in the Toronto Stock Exchange, is another that also bets on Solarium for your treasury. This same week, the company Newgenivf Group (NIVF) announced plans to invest USD $ 30 million in betting sun.

The actions of CLASSOVER 14.7% rose after the market opening on Tuesday at a price of USD $ 4.27, according to data from Google Finance at the time of writing.

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Hannah Estefanía Pérez / Diariobitcoin

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