During a volatile first week of June 2025, Bitcoin's price experienced a 6% drop to $105,000 after reaching $112,000. Solana (SOL) also declined, falling from over $170 to $155 within a week. Despite this, Classover Holdings, a US-based education company, has started integrating Solana into its treasury, planning to allocate up to $500 million for SOL purchases, supported by Solana Growth Ventures LLC.
Classover has already acquired 6,472 Solana tokens, worth $1.05 million, marking the beginning of a long-term Solana reserve. Other companies are also focusing on Solana, including SOL Strategies, which aims to raise up to $1 billion for Solana projects. Upexi Inc. plans to allocate $100 million for SOL acquisition and staking. Solaxy, a Layer-2 solution for Solana, has raised over $43.4 million in its presale, which is set to conclude around June 16, 2025.
These investments highlight the growing interest in Solana as a key institutional-grade digital asset. Classover's venture into blockchain-backed finance marks a significant shift, representing an attempt to rethink how publicly listed companies manage reserves in the digital era.