Classover Secures $500M Deal to Stabilize Finances Amid Solana Liquidity Challenges

Classover, a Nasdaq-listed edtech company specializing in online learning for K-12 students, has secured a substantial $500 million funding deal. This investment will be used to bolster its Solana (SOL) based treasury and address liquidity concerns stemming from revenue decline. The funds will be allocated primarily to purchase SOL tokens, with up to 80% of the capital committed to this strategy. This move comes as Classover faces challenges in meeting its short-term liabilities due to a recent drop in revenues.