Hong Kong's MemeStrategy Makes Historic SOL Investment

MemeStrategy (2440.HK) has become the first Hong Kong Stock Exchange-listed company to invest in the Solana ecosystem, acquiring 2,440 units of Solana (SOL) valued at approximately HKD 2.9 million ($370,000) on June 16, 2025. The transaction was executed at an average price of HKD 1,191 per token through OSL Group, according to an announcement on Monday.

MemeStrategy operates as Asia's first publicly listed digital asset venture, managed by the team behind 9GAG, a global meme platform serving over 200 million users. The company adopts a "people-first approach" to invest in three key growth pillars: Artificial Intelligence, Blockchain, and Culture, aiming to bridge the new economy with traditional finance while accelerating decentralized technology development.

MemeStrategy said the Solana acquisition serves three core objectives. First, it provides access to Solana's rapidly expanding ecosystem of developers and institutional participants, positioning the company to secure critical Web3 infrastructure resources. Second, participation in Solana's proof-of-stake validation allows MemeStrategy to earn consistent staking rewards while contributing to network security. Third, the investment enhances asset diversification as a high-quality digital asset with strong real-world application potential.

"Solana is a leading blockchain project with wide-ranging applications, from decentralized platforms and real-world asset tokenization to AI-driven Web3 solutions," said Ray Chan, chairman and CEO of MemeStrategy. "This investment aligns closely with our focus on AI, blockchain, validation technologies, and next-generation tech development."

MemeStrategy joins a growing list of publicly traded companies incorporating Solana into treasury strategies, including DeFi Development Corporation, Upexi Inc., Sol Strategies, and Classover.

Following the announcement of the SOL token purchase, MemeStrategy's stock price experienced a significant surge on Monday, rising by 28.5% to 2.57 HKD.