TLDR
- MemeStrategy purchased 2,440 Solana tokens for $368,820, making it the first Hong Kong-listed company to invest in Solana
- The company’s stock price jumped 28.5% following the announcement, rising from previous levels to $2.57 per share
- MemeStrategy plans to stake the Solana tokens to earn rewards and support network security through proof-of-stake validation
- The purchase was executed through OSL Group, a licensed crypto platform in Hong Kong, at an average price of $151.70 per SOL
- Cantor Fitzgerald analysts believe Solana’s fast, low-cost network makes it suitable for tokenized securities and treasury operations
MemeStrategy made headlines by becoming the first publicly listed company in Hong Kong to add Solana to its investment portfolio. The tech investment firm purchased 2,440 SOL tokens for approximately 2.9 million Hong Kong dollars through OSL Group, a crypto platform licensed by Hong Kong’s Securities and Futures Commission.
MemeStrategy (https://t.co/PCOSdvWXAy) has acquired 2,440 SOL for ~HK$2.9 million (~$372,000) at ~$152 per SOL.
The Company has made history as the first publicly listed company in Asia, specifically on the Hong Kong Stock Exchange, to invest directly in the @Solana ecosystem. pic.twitter.com/scodYbYrmX
— MemeStrategy (2440.HK) (@MemeStrategy) June 17, 2025
The transaction was completed at an average price of $151.70 per Solana token. MemeStrategy executed this purchase as part of a broader strategy to expand its presence in the Solana ecosystem and Web3 infrastructure development.
Stock Market Response
MemeStrategy’s shares responded positively to the news, climbing 28.5% on the Hong Kong Stock Exchange on Monday to reach $2.57 per share. The stock continued its upward momentum, trading at $2.70 in early Tuesday sessions according to Google Finance data.
The price increase brought MemeStrategy’s market capitalization to 652.55 million Hong Kong dollars, equivalent to approximately $83.1 million. The company trades under the ticker 2440.HK on the Hong Kong exchange.
Ray Chan, Chairman and CEO of MemeStrategy, explained the rationale behind the investment. He cited Solana’s applications in decentralized platforms, real-world asset tokenization, and AI-driven Web3 solutions as key factors in the decision.
MemeStrategy is managed by 9GAG, the popular meme platform that serves over 200 million users worldwide. The company leverages its social media expertise alongside Web3 knowledge to make strategic investments in AI, blockchain, and digital culture sectors.
Staking Strategy
The company plans to participate in Solana’s proof-of-stake validation system. This approach allows MemeStrategy to contribute to network security while earning staking rewards on their token holdings.
OSL Group facilitated the transaction, marking an expansion of their services beyond Bitcoin and Ethereum offerings. Ryan Miller, Head of Sales at OSL Digital Securities, highlighted this as a market-first initiative for Hong Kong-listed companies entering the Solana ecosystem.
The purchase aligns with MemeStrategy’s focus on AI, blockchain validation technologies, and next-generation tech development. The company views Solana as a high-quality digital asset with strong real-world application potential.
Analyst Perspective
Cantor Fitzgerald analyst Thomas Shinske recently published positive commentary on Solana’s potential for corporate treasury strategies. He noted that Solana’s high-speed, low-cost network architecture makes it well-suited for tokenized securities applications.
Shinske suggested that companies holding Solana could follow similar strategies to those used by Bitcoin treasury companies. This includes raising capital at premiums to net asset value and using proceeds to purchase additional tokens.
Data from Bloomberg shows that Solana treasury companies have outperformed the underlying token. Upexi increased 306% and DeFi Development Corp gained 207% since April 16, while SOL itself rose 19% over the same period.
Sol Strategies, another Solana-focused treasury company, posted gains of 33% during this timeframe. These companies demonstrate the potential for Solana treasury strategies to generate returns above the token’s price appreciation.
MemeStrategy joins a growing list of publicly traded companies that have added Solana to their balance sheets, including DeFi Development Corporation, Upexi Inc., Sol Strategies, and Classover.
The post MemeStrategy Stock Soars After Historic Solana Purchase in Hong Kong appeared first on CoinCentral.
