🧠 A School That Bought Solana? Inside Classover’s 500M Crypto Gamble

When online classes stop paying the bills, go all in on crypto? That’s the real-life plot twist for Classover, a struggling edtech firm that just signed a deal to raise up to 500M — and plans to dump 80% of it into Solana (SOL).

No, this isn’t a DAO. It’s a publicly traded U.S. company listed on NASDAQ. And it might’ve just redefined what “buy the dip” means.

💸 From Zoom School to DeFi Treasury

Classover used to sell K–12 livestream courses during the pandemic. But post-lockdown, revenues fell nearly 100% year-over-year. Not a typo.

The firm’s liquidity ratio? Just 0.02. Basically: “we broke.” So now it’s pivoting hard — transforming into what looks like a Solana-heavy treasury vehicle.

• ✅ Raised 11M initially
• 🚀 Target: 500M total via convertible notes
• 🪙 Plan: Put 80% into SOL

⚡ Why Solana?

Solana (SOL) is fast, cheap, and DeFi-native — but also volatile. The token fell under 180 recently and trades near 162. Classover’s logic?

“Buy low. Hold strong. Maybe stake it.”

They’ve already scooped up 6,472 SOL (1.05M), and are even eyeing discounted locked token deals — signaling long-term commitment to the Solana ecosystem.

🧾 The Deal Details

This isn’t just a moonshot. There’s structure behind it:

• 💳 Convertible notes priced at 2x the pre-deal share price
• 🎢 That reduces short-term shareholder dilution
• 💰 Coupled with a prior 400M equity line, total potential funding hits 900M

For a company with barely any revenue, that’s either brilliant or delusional. Maybe both.

🧠 CEO Speaks: Blockchain as Lifeline

Classover CEO Ms. Luo calls this pivot “a milestone” in fusing corporate finance with blockchain. Their pitch?

• SOL as a reserve asset
• Treasury backed by programmable money
• A second chance through Web3

It’s MicroStrategy-on-steroids — except this isn’t a tech giant. It’s an edtech startup in survival mode.

🧠 TL;DR

• Classover (NASDAQ: KIDZ) plans to raise 500M — 80% goes into Solana
• The company lost nearly all its edtech revenue post-COVID
• Already bought 1M+ in SOL, eyeing long-term crypto plays
• The notes are convertible, offering upside for early backers
• This could be the wildest crypto treasury experiment yet by a public company