PANews reported on May 1 that according to Chainwire, online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ, KIDZW) announced that it has signed an equity subscription agreement with Solana Strategies Holdings LLC. Under the agreement, the company will sell up to $400 million of Class B common stock. The proceeds from the equity subscription will be used to support the company's Solana-centric digital asset reserve strategy, as well as for working capital and strategic acquisitions. Under this move, Classover will allocate a considerable portion of the proceeds from the sale of any shares through the agreement to purchase, hold for the long term, and pledge SOL tokens, subject to certain restrictions - making it one of the first listed companies to directly incorporate SOL into its core reserve business. In addition, the company plans to operate SOL verification nodes to help the decentralization and security of the network while earning on-chain staking rewards.