MemeStrategy, a Hong Kong Stock Exchange–listed firm, made waves this week by snapping up 2,440 units of Solana (SOL).
Based in Hong Kong and backed by the team behind 9GAG, the company spent about HKD 2.9 million ($370,000) on June 16, 2025.
According to a Monday announcement, each SOL token cost an average of HKD 1,191, and the purchase went through OSL Group.
Gateway To Web3 Infrastructure
Based on reports, MemeStrategy wants more than a quick trade. It plans to tap into Solana’s growing pool of developers and institutional users. By owning SOL, the firm hopes to claim a spot in what it calls “critical Web3 infrastructure.”
— Superteam Japan (@SuperteamJapan) June 17, 2025
The team says this aligns with its three pillars—artificial intelligence, blockchain, and culture—and that hands‑on involvement could help it find new ways to bridge apps with real‑world finance.
Staking For Steady Returns
According to the company, running its own validator nodes on Solana’s proof‑of‑stake network will bring consistent rewards. That means MemeStrategy can earn more SOL over time simply by keeping its coins locked in the network.
At the same time, it pitches in to secure the blockchain. Company executives point out that staking fits their goal of steady income streams alongside spot holdings.
Share Price Takes Off
Investors cheered the move. Shares shot up 28% to HKD 2.57 on Monday after the Solana buy was revealed. Some traders saw it as a sign that MemeStrategy is ready to roll up its sleeves in crypto, not just hold tokens.
Others warned that SOL can swing wildly, so a price drop could hit both the token stake and the firm’s stock. Either way, that 28% climb shows how hungry the market is for big names backing smart‑contract platforms.
Joining A Growing Club
MemeStrategy isn’t alone. DeFi Development Corporation, Upexi Inc., Sol Strategies and Classover have all added SOL to their treasuries. What stands out is that this is the first such move by a Hong Kong–listed outfit.
In regions where rules are still taking shape, MemeStrategy’s bet could nudge more public companies here to follow suit. Watching how its stake performs may set a clear example for other firms weighing a leap into proof‑of‑stake tokens.
Featured image from Unsplash, chart from TradingView
