Shares Soar as MemeStrategy Makes First Hong Kong Market Solana Investment
Purchase of 2,440 SOL Seen as Significant Growth Catalyst for Asia’s First Listed Digital Asset Venture
Hong Kong-listed tech investment firm MemeStrategy saw its shares surge by 28.5% following its announcement as the first publicly listed company in Hong Kong to invest in Solana blockchain.
As reported in a Monday statement, MemeStrategy acquired 2,440 Solana (SOL) [approximately $368,820 / HKD 2.9 million] via OSL Group, a licensed crypto asset platform in Hong Kong. The transaction executed at an average price of $151.70.
Long-Term Commitment to Solana Ecosystem
MemeStrategy announced plans to expand within the Solana ecosystem, including participation in its proof-of-stake architecture to bolster network security while generating staking rewards. The company highlighted Solana’s potential for real-world asset tokenization and AI-driven Web3 solutions.
“This investment aligns closely with our focus on AI, blockchain, validation technologies, and next-generation tech development, marking a significant step forward in MemeStrategy’s expansion into digital assets and the Web3 ecosystem.”
Market Reaction & Valuation
MemeStrategy (stock code: 2440.HK) experienced substantial trading gains on Monday, reaching an intra-day high of HKD $2.57 and further increasing to HKD $2.70 Tuesday morning. The valuation lifted its market cap to approximately HKD $653 million [$83.1 million], according to Google Finance data.
MemeStrategy, Asia’s inaugural publicly listed digital asset-focused venture, is managed by 9GAG, a meme platform boasting over 200 million users.
Analyst Support Seen as Validation
Talent firm Cantor Fitzgerald reiterated confidence in Solana from investment bank perspective. Analyst Thomas Shinske highlighted the potential benefits for firms investing in Solana, noting its potential suitability for tokenized securities.
“Combining staking with treasury operations should result in Solana treasury companies growing SOL/share faster than BTC treasury companies growing BTC/share, all else equal.”
Observing marked outperformance, Shinske also noted that Solana-focused investment firms (like Upexi, DeFi Development Corp, and Sol Strategies) significantly outperformed both the parent SOL token and Bitcoin year-to-date, although performance varied recently.
Market data shows Upexi surged 306%, DeFi Development Corp increased 207%, while SOL climbed 19%—all since mid-June.
Broader Implications
This significant capital injection into Solana continues a trend of institutional adoption, potentially signaling growing interest in its network as traditional finance explores Web3 applications.
Related: ‘ETF filings explode in 2025, heating hopes of an ‘altcoin summer’
Looking for more tech and crypto insights from Asia? Explore our coverage of Asia Tech & Crypto developments.
