MemeStrategy Inc., a Hong Kong Stock Exchange-listed company and Asia's first publicly listed digital asset venture, has acquired 2,440 Solana (SOL) tokens valued at approximately HKD 2.9 million (about $370,000) through OSL Group as part of a strategic treasury diversification on June 16, 2025. The purchase, executed at an average price of HKD 1,191 per token, aims to strategically position the company within Solana's expanding ecosystem of developers and institutional participants.
The acquisition serves three core objectives for MemeStrategy: first, to gain access to Solana’s rapidly growing ecosystem; second, to participate in Solana’s proof-of-stake validation and earn staking rewards, contributing to network security; and third, to diversify its asset portfolio with a high-quality digital asset that has strong real-world application potential.
MemeStrategy, managed by the team behind 9GAG, focuses on investing in Artificial Intelligence, Blockchain, and Culture, aiming to bridge new economy innovations with traditional finance while accelerating decentralized technology development. This investment marks a significant milestone as MemeStrategy is the first Hong Kong-listed company to incorporate Solana tokens into its treasury.
The move has attracted positive attention, with MemeStrategy's stock price rising 28.5% to 2.57 HKD following the announcement. It could also influence other public companies in Hong Kong to consider similar altcoin diversification strategies. The transaction was facilitated in compliance with regulatory frameworks by OSL Group, enhancing trust. This development highlights increasing institutional interest and adoption of Layer 1 blockchain ecosystems like Solana, potentially impacting future regulatory approaches and the competitive landscape within the crypto industry.