The US-listed company Classover plans to raise $500 million to establish a SOL corporate strategic reserve.

According to a report by The Block on June 3, Deep Tide TechFlow has announced that Classover, an education technology company listed on Nasdaq, has signed a securities purchase agreement with Solana Growth Ventures LLC, planning to raise up to $500 million through the issuance of senior secured convertible notes, with up to 80% of the net proceeds to be used to purchase the native token SOL of the Solana blockchain.

Classover CEO Stephanie Luo stated that this move marks an important milestone in the company's strategic construction of an enterprise reserve based on SOL. Following the announcement, Classover's stock price surged 39.85% on Nasdaq on Monday, closing at $3.72.