Hong Kong’s MemeStrategy Buys 2,440 Solana, Stock Surges 28%

Highlights:

• MemeStrategy invests HKD 2.9M in Solana, becoming Hong Kong’s first listed firm in the SOL ecosystem.
• The company joins Solana’s Proof-of-Stake system, supporting network security and earning staking rewards.
• MemeStrategy’s stock surges 28% following its strategic move into blockchain and Web3 technologies.

MemeStrategy, a Hong Kong-based digital asset firm, has made history as the first publicly listed company on the Hong Kong Stock Exchange to include Solana (SOL) in its reserves. On June 16, the company purchased 2,440 SOL tokens through OSL Group. It spent around HKD 2.9 million (approximately $370,000) at an average price of HKD 1,191 per token.

BREAKING: @MemeStrategy, a publicly listed company on the Hong Kong Stock Exchange, has acquired 2,440 $SOL worth ~HKD 2.9M — becoming the first HK-listed firm to invest in the @Solana ecosystem.

Their stock is up 20% following the announcement. pic.twitter.com/Xq3mLipKbo

— SolanaFloor (@SolanaFloor) June 16, 2025

The company stated that by investing in Solana and joining its Proof-of-Stake (PoS) system, MemeStrategy aims to support network security and transaction validation. In return, it will earn staking rewards. Following the disclosure MemeStrategy’s stock price jumped over 28% on the exchange.

Ray Chan, the Chairman and CEO of MemeStrategy, spoke about the investment decision, saying that their move to acquire 2,440 Solana tokens highlights the company’s strong belief in the long-term future of the blockchain. He noted that Solana is one of the top blockchain platforms with a wide range of uses, including support for decentralized apps, tokenization of real-world assets (RWA), and AI-powered Web3 solutions.

Solana Investment Supports Three Core Objectives

MemeStrategy is Asia’s first publicly listed digital asset company and is run by the team behind 9GAG, a popular meme platform with over 200 million users. The company follows a “people-first” approach and focuses on three main areas: Artificial Intelligence, Blockchain, and Culture. MemeStrategy appears to be getting ahead by building its own SOL reserve before major Wall Street firms enter the market.

MemeStrategy explained that buying Solana helps the company in three important ways. First, it gives them a chance to join Solana’s fast-growing network, which includes many developers and big investors. This move could help them access key tools and services in the Web3 space. Second, by joining Solana’s proof-of-stake system, they can earn regular staking rewards while also helping to protect the network. Third, the investment adds a strong new digital asset to their portfolio, helping them spread risk and benefit from Solana’s real-world use cases.

MemeStrategy is now part of a rising group of publicly listed firms adding Solana to their treasury reserves. Others making similar moves include Upexi Inc., Classover, Sol Strategies, and DeFi Development Corporation.

MEMESTRATEGY JUST MADE THEIR FIRST CRYPTO MOVE

VOLUNTARY ANNOUNCEMENT: STRATEGIC INVESTMENT IN SOLANA

Here's what just dropped:

1/ The Numbers

– 2,440 SOL purchased (matching their stock code 2440HK – genius branding)
– HK$2,907,465 (~$372,000 USD) invested
– Average price:… pic.twitter.com/A7R61Nb0ON

— Tat Thang (@Febers4) June 16, 2025

Solana Soars on ETF Hopes and Rising Institutional Demand

Institutional interest in Solana is growing as hopes rise for the approval of a spot Solana ETF. Last week, potential issuers filed the S-1 form after the U.S. SEC gave the go-ahead. If approved, ETF staking could attract significantly more institutional capital into the Solana ecosystem. As a result, SOL’s price has jumped 5.29% to $157.57, with its market cap now over $83.11 billion. Daily trading volume has more than doubled, showing strong interest from traders. SOL futures open interest is also up 5.40% today, nearing $6.86 billion.