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Nasdaq-listed EdTech firm Classover to raise $500M for Solana treasury push

AltHunter by AltHunter
June 3, 2025
in All About News, Hot News
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Nasdaq-listed EdTech firm Classover to raise $500M for Solana treasury push
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  • Solana’s recent institutional moves are less about speculation and more about real-world utility.
  • Classover raised $500 million to build decentralized platforms on its scalable network.

It looks like 2025 is shaping up as the year public companies go all-in on blockchain. Maybe the true dawn of Web3 is here?

It’s no wonder Layer 1 blockchains are in a mad dash to level up their tech stacks, and for good reason. In an oversaturated market, raw “hype” won’t cut it. Instead, you compete with quality under the hood.

Therefore, if you wrote off Solana’s [SOL] recent string of major institutional moves as just another “pump and dump,” it might be time to hit refresh and rethink.

Solana’s under-the-radar hustle for the big league

Within days, two publicly traded firms have allocated significant capital to Solana. And sure, that might not sound all that special. A lot of corporations are dabbling in digital assets these days.

But this feels different, as it isn’t just another bet on price. What’s interesting is that Solana’s institutional traction seems more focused on real-world use. 

In other words, companies aren’t just buying SOL. Instead, they’re building with it. Classover (NASDAQ: KIDZ), an EdTech firm looking to shake up education through decentralization, is a great example.

Partnering with SOL Strategies, they’ve announced plans to raise up to $500 million not just to hold SOL, but to build a decentralized learning platform on Solana’s high-performance network.

And the market clearly noticed. Classover’s stock shot up nearly 40%, hitting a two-week high at $4.82, signaling strong investor confidence. Meanwhile, SOL reclaimed the $160 ceiling.

KIDZ
KIDZ

Source: TradingView (KIDZ/USD)

So, brushing off Solana’s back-to-back big institutional plays as noise? Think again.

While other Layer 1s are fighting for attention, it looks like Solana is quietly laying down the infrastructure that’s starting to attract the big institutional players – and their wallets.

Turning holders into believers

As blockchain starts finding more real-world footing, Solana’s clearly playing the long game. 

That recent ‘Alpenglow’ upgrade? As AMBCrypto pointed out, it wasn’t just a routine tweak. Instead, it was a step toward making the network faster, more efficient, and ready for bigger things.

And the HODL data is starting to reflect that. Right now, wallets holding SOL for 1–2 years make up about 21% of the total supply, up from just 10-11% a year ago.

SOL holdSOL hold

Source: Glassnode

That’s no fluke. It shows short-term speculators are evolving into long-term holders, a shift that usually follows growing confidence in the network’s fundamentals. 

In other words, people aren’t just buying SOL. Instead, they’re committing to it. And the catalyst? Institutional plays like Classover’s $500 million commitment are likely just the prelude. 

More companies are likely to follow suit as Solana’s real-world utility becomes too compelling to ignore.

Next: Pro-crypto lawmaker misses Bitcoin disclosure deadline – Is Washington turning a blind eye?

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  • Solana’s recent institutional moves are less about speculation and more about real-world utility.
  • Classover raised $500 million to build decentralized platforms on its scalable network.

It looks like 2025 is shaping up as the year public companies go all-in on blockchain. Maybe the true dawn of Web3 is here?

It’s no wonder Layer 1 blockchains are in a mad dash to level up their tech stacks, and for good reason. In an oversaturated market, raw “hype” won’t cut it. Instead, you compete with quality under the hood.

Therefore, if you wrote off Solana’s [SOL] recent string of major institutional moves as just another “pump and dump,” it might be time to hit refresh and rethink.

Solana’s under-the-radar hustle for the big league

Within days, two publicly traded firms have allocated significant capital to Solana. And sure, that might not sound all that special. A lot of corporations are dabbling in digital assets these days.

But this feels different, as it isn’t just another bet on price. What’s interesting is that Solana’s institutional traction seems more focused on real-world use. 

In other words, companies aren’t just buying SOL. Instead, they’re building with it. Classover (NASDAQ: KIDZ), an EdTech firm looking to shake up education through decentralization, is a great example.

Partnering with SOL Strategies, they’ve announced plans to raise up to $500 million not just to hold SOL, but to build a decentralized learning platform on Solana’s high-performance network.

And the market clearly noticed. Classover’s stock shot up nearly 40%, hitting a two-week high at $4.82, signaling strong investor confidence. Meanwhile, SOL reclaimed the $160 ceiling.

KIDZKIDZ

Source: TradingView (KIDZ/USD)

So, brushing off Solana’s back-to-back big institutional plays as noise? Think again.

While other Layer 1s are fighting for attention, it looks like Solana is quietly laying down the infrastructure that’s starting to attract the big institutional players – and their wallets.

Turning holders into believers

As blockchain starts finding more real-world footing, Solana’s clearly playing the long game. 

That recent ‘Alpenglow’ upgrade? As AMBCrypto pointed out, it wasn’t just a routine tweak. Instead, it was a step toward making the network faster, more efficient, and ready for bigger things.

And the HODL data is starting to reflect that. Right now, wallets holding SOL for 1–2 years make up about 21% of the total supply, up from just 10-11% a year ago.

SOL holdSOL hold

Source: Glassnode

That’s no fluke. It shows short-term speculators are evolving into long-term holders, a shift that usually follows growing confidence in the network’s fundamentals. 

In other words, people aren’t just buying SOL. Instead, they’re committing to it. And the catalyst? Institutional plays like Classover’s $500 million commitment are likely just the prelude. 

More companies are likely to follow suit as Solana’s real-world utility becomes too compelling to ignore.

Next: Pro-crypto lawmaker misses Bitcoin disclosure deadline – Is Washington turning a blind eye?
Tags: 500MClassoverEdTechFirmNasdaqlistedpushRaiseSolanaTreasury
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