Classover Holdings, Inc. (NASDAQ: KIDZ) made a historic revelation about its digital asset treasury strategy, which caused its shares to surge on Thursday. At $5.36, KIDZ stock ended the regular session with an incredible 366.09% gain. In after-hours trading, it increased by an additional 47.57% to $7.91.
Strategic Move Toward Solana Integration
The surge followed news of an Equity Purchase Facility Agreement with Solana Strategies Holdings LLC, enabling Classover to sell up to $400 million in Class B Common Stock.
KIDZ intends to support general business operations and any strategic acquisitions with the money obtained through this agreement, in addition to funding its Solana-centric digital asset treasury strategy.
The purchasing, long-term ownership, and staking of Solana (SOL) tokens will account for a sizable amount of the revenues. This marks a pioneering step, positioning Classover among the first publicly listed firms to formally incorporate SOL into its core treasury functions.
Validator Operations and Network Contribution
As part of the strategy, Classover intends to operate Solana validator nodes. This move aims to contribute to the security and decentralization of the Solana network while generating on-chain staking rewards.
The company’s approach includes using SOL as a primary reserve asset, earning staking yields through validator operations, and reinvesting those rewards to expand its SOL holdings and further deepen its integration within the Solana ecosystem.
Governance and Future Outlook
To guide the implementation of its digital asset strategy, Classover has appointed Chaince Securities LLC—a subsidiary of Mercurity Fintech Holding Inc. (NASDAQ: MFH)—as its strategic advisor. This partnership will help ensure robust execution and governance of the initiative.
By embedding Solana into its treasury model, Classover is not only strengthening its financial infrastructure but also establishing itself as a leader in corporate blockchain adoption. KIDZ’s bold move may set a precedent for other firms considering decentralized finance (DeFi) strategies, while potentially generating sustained long-term value.
