Corporate Giants Bet Big on Crypto: Classover, TGL, and K Wave Medias Multi-Million Dollar Investments in Solana, Bitcoin, and Ethereum

An increasing number of publicly traded companies are building reserves in cryptocurrencies. Recently, educational platform [Classover](https://classover.com/en/press-releases/classover-completes-initial-sol-purchase-and-enters-into-new-purchase-agreement-to-sell-up-to-500-million-of-notes-to-accelerate-sol-treasury-strategy/) and fintech firm [Treasure Global](https://www.globenewswire.com/news-release/2025/06/04/3093582/0/en/Treasure-Global-Launches-US-100-Million-Digital-Asset-Treasury-Strategy-to-Power-Next-Gen-Consumer-Intelligence-Platform.html) (TGL), along with South Korean media alliance [K Wave Media](https://www.globenewswire.com/news-release/2025/06/04/3093530/0/en/K-Wave-Media-Inc-Nasdaq-KWM-K-Wave-or-the-Company-Announces-entering-into-a-securities-purchase-agreement-for-500-Million-Equity-Purchase-Facility-to-Support-Bitcoin-Treasury-Strat.html) (KWM), announced similar plans.

The Nasdaq-listed company aims to secure up to $500 million to create a corporate treasury reserve in [Solana](https://forklog.com/cryptorium/chto-takoe-solana).

Classover has signed agreements with Solana Growth Ventures LLC and announced the issuance of senior secured convertible notes. The initial funding tranche of $11 million is expected to be received shortly after meeting the customary closing conditions. The firm plans to allocate up to 80% of the net proceeds from the notes’ issuance for purchasing SOL tokens.

This new funding complements Classover’s previously announced agreement to acquire equity worth $400 million, thereby raising the total potential amount for SOL purchases to $900 million.

In May, the company [launched](https://classover.com/en/press-releases/classover-holdings-enters-into-400-million-equity-purchase-facility-agreement-to-launch-sol-based-treasury-strategy/) its treasury strategy focused on SOL to «strengthen its balance sheet with a high-performing and scalable digital asset.»

As of the time of writing, Classover’s stock, traded under the ticker KIDZ, is valued at $4.56, having decreased by 16.18% within the last day, according to Google Finance.

TGL plans to invest up to $100 million in cryptocurrencies, targeting digital gold, Ethereum, and regulated [stablecoins](https://forklog.com/cryptorium/chto-takoe-stablecoins).

Half of the funds will originate from existing equity, while the remaining $50 million will come from institutional partnerships. The assets will also support an AI platform aimed at analyzing consumer behavior, scheduled for launch by the end of this year. The company noted that this move would lay the groundwork for [tokenized](https://forklog.com/cryptorium/chto-takoe-tokenizirovannye-aktivy) loyalty programs and cryptocurrency payment systems.

Treasure Global’s (TGL) stock is currently priced at $1.48 (+0.68 over the last day).

The Nasdaq-listed firm will raise up to $500 million to implement its Bitcoin strategy. It has signed a securities purchase agreement with Bitcoin Strategic Reserve KWM. According to a [press release](https://www.globenewswire.com/news-release/2025/06/04/3093530/0/en/K-Wave-Media-Inc-Nasdaq-KWM-K-Wave-or-the-Company-Announces-entering-into-a-securities-purchase-agreement-for-500-Million-Equity-Purchase-Facility-to-Support-Bitcoin-Treasury-Strat.html), K Wave Media aims to become the «Korean Metaplanet.»

Proceeds from the common stock sale will go toward establishing a Bitcoin-focused treasury, and the firm is also considering acquiring other cryptocurrencies.

Additionally, funds will be used for mergers and acquisitions to expand its content and K-POP business sectors. K Wave Media also plans to manage nodes on the [Lightning Network](https://forklog.com/cryptorium/chto-takoe-lightning-network-rukovodstvo-dlya-nachinayushhih) and invest in infrastructure to support on-chain rewards and decentralization.

The company’s stock (KWM) is priced at $4.48, reflecting a 133.33% increase over the last day.

British gold mining company Bluebird Mining Ventures has also decided to adopt a Bitcoin strategy, planning to convert future revenues from its projects into the primary cryptocurrency.

Bluebird Mining Ventures holds three major gold mining projects located in South Korea and the Philippines, with a total estimated gold reserve of around 1.8 million ounces.

The stock price of the company (BMV) on the London Stock Exchange stands at $0.59, having risen by 58.51% in a day.

According to BiTBO, 73 companies collectively own 3.6% of Bitcoin’s total issuance.

On June 3, former Binance CEO Changpeng Zhao [warned](https://forklog.com/news/osnovatel-binance-predupredil-o-riskah-iz-za-mody-na-bitkoin-rezervy) about the risks associated with the widespread creation of corporate reserves in the first cryptocurrency.

Experts Saifedean Ammous, Max Keiser, and Matt Hougan [urged](https://forklog.com/news/eksperty-otsenili-riski-i-potentsial-bitkoina-dlya-investorov) corporate investors to reassess their Bitcoin strategies.

In contrast, billionaire investor Tim Draper believes that companies failing to include the top cryptocurrency in their treasury reserves are acting «irresponsibly.» [