Shares of Classover Holdings Inc (NASDAQ:KIDZ) soared 25% following the company’s announcement that it has dramatically increased its reserves of Solana (SOL), a leading blockchain token.
The online education firm disclosed that it has grown its SOL holdings by approximately 295% since its last update on June 12, raising the total to 52,067 tokens. According to the company, around 75% of its Solana reserve has been staked with institutional-grade validators, generating yield and contributing to the network’s security and decentralization.
“This expansion reflects our strong conviction in the long-term potential of the Solana ecosystem,” said Ms. Luo, CEO of Classover. “We are committed to building a substantial and strategically aligned digital asset treasury.”
Classover, known for its real-time interactive learning platform, sees the SOL accumulation as part of a broader strategy to strengthen its digital infrastructure and capital deployment plans. The company indicated that Solana will remain a core component of its long-term treasury.
This move places Classover among a growing list of publicly traded firms allocating part of their reserves to cryptocurrencies. While potentially rewarding, the approach comes with increased exposure to crypto market volatility compared to traditional cash equivalents.
Classover Holdings stock price
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