{"id":24533,"date":"2025-06-05T12:59:02","date_gmt":"2025-06-05T09:59:02","guid":{"rendered":"https:\/\/forklog.com\/en\/classover-tgl-and-k-wave-media-to-pour-hundreds-of-millions-into-solana-bitcoin-and-ethereum\/"},"modified":"2025-06-05T12:59:02","modified_gmt":"2025-06-05T09:59:02","slug":"classover-tgl-and-k-wave-media-to-pour-hundreds-of-millions-into-solana-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/classover-tgl-and-k-wave-media-to-pour-hundreds-of-millions-into-solana-bitcoin-and-ethereum\/","title":{"rendered":"Classover, TGL and K Wave Media to pour hundreds of millions into Solana, bitcoin and Ethereum"},"content":{"rendered":"

An increasing number of public companies are building cryptocurrency reserves. In recent days, education platform Classover<\/a>, fintech firm Treasure Global<\/a> (TGL) and South Korean media alliance K Wave Media<\/a> (KWM) have unveiled such plans.<\/p>\n

Classover opts for a Solana treasury<\/h2>\n

The Nasdaq-listed firm plans to raise up to $500m to build a Solana-denominated corporate treasury. <\/p>\n

Classover has signed agreements with Solana Growth Ventures LLC and announced the issuance of senior secured convertible notes. The first $11m funding tranche is expected shortly after customary closing conditions are met. The firm will allocate up to 80% of the net proceeds from the notes to purchasing SOL tokens.<\/p>\n

The new financing complements Classover\u2019s previously announced $400m equity purchase agreement, taking the total potential firepower earmarked for SOL to $900m.<\/p>\n

In May the company launched<\/a> a SOL-based treasury strategy to \u201cstrengthen its balance sheet with a high-performance and scalable digital asset\u201d.<\/p>\n

At the time of writing, Classover shares under the ticker KIDZ trade at $4.56, down 16.18% over the day, according to Google Finance.<\/p>\n

\"Snimok-ekrana-2025-06-05-122527\"
Data: Google Finance<\/a>.<\/figcaption><\/figure>\n

Treasure Global to invest in bitcoin, ether and stablecoins<\/h2>\n

TGL will invest up to $100m in cryptocurrencies. It will acquire digital gold, Ethereum and \u201cregulated stablecoins\u201d.<\/p>\n

Half of the funds will come from existing equity capital, with a further $50m via an institutional partnership. The assets will also support an AI platform for consumer-behaviour analytics, slated to launch by year-end.<\/p>\n

The company added that the move will lay the groundwork for tokenised loyalty programmes and cryptocurrency payments.<\/p>\n

Treasure Global (TGL) shares trade at $1.48 (+0.68 on the day).<\/p>\n

\"Snimok-ekrana-2025-06-05-122702\"
Data: Google Finance<\/a>.<\/figcaption><\/figure>\n

K Wave Media targets a bitcoin strategy<\/h2>\n

The Nasdaq-traded company will raise up to $500m to execute a bitcoin strategy. The firm has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM. According to the press release<\/a>, K Wave Media aims to become \u201cthe Korean Metaplanet\u201d.<\/p>\n

Proceeds from common-stock sales will fund a bitcoin-focused treasury. The firm is also considering purchases of other cryptocurrencies.<\/p>\n

Funds will also be used for M&A to expand its content and K-POP businesses. K Wave Media plans to run Lightning Network nodes and invest in infrastructure that enables on-chain rewards and decentralisation.<\/p>\n

The firm\u2019s shares (KWM) trade at $4.48, up 133.33% on the day.<\/p>\n

\"Snimok-ekrana-2025-06-05-123046\"
Data: Google Finance<\/a>.<\/figcaption><\/figure>\n

Bluebird Mining Ventures to allocate proceeds to digital gold<\/h2>\n

British public gold miner Bluebird Mining Ventures has also adopted a bitcoin strategy. The firm plans to convert future revenues from its projects into bitcoin. <\/p>\n

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Strategy shift to covert gold into digital gold \u2014 #bitcoin<\/a> #goldmining<\/a> #goldequities<\/a> #investinbitcoin<\/a> #investingold<\/a>
“Combining income streams from gold mining projects and recycling these revenues into a proactive “Bitcoin in Treasury” management approach, whilst maintaining a\u2026 pic.twitter.com\/BpJA6hFU9Y<\/a><\/p>\n

\u2014 Bluebird Mining Ventures Ltd (LSE:BMV.L) (@bluebirdIR) June 5, 2025<\/a><\/p><\/blockquote>\n