Shares of MemeStrategy, a digital asset company listed on the Hong Kong Stock Exchange, surged by over 20% following the announcement of its acquisition of approximately HK$2.9 million (around $370,000) in Solana (SOL) cryptocurrency.
This acquisition is notable as it represents the first instance of a publicly traded company in Hong Kong officially integrating Solana into its corporate treasury reserves.
The firm disclosed the purchase of 2,440 SOL tokens on June 16, facilitated through OSL Group, a licensed digital asset platform in Hong Kong. This strategic move ignited substantial investor enthusiasm, evident in the spike of MemeStrategy’s stock price on the exchange.
BREAKING: @MemeStrategy, a publicly listed company on the Hong Kong Stock Exchange, has acquired 2,440 $SOL worth ~HKD 2.9M — becoming the first HK-listed firm to invest in the @Solana ecosystem.
Their stock is up 20% following the announcement. pic.twitter.com/Xq3mLipKbo
— SolanaFloor (@SolanaFloor) June 16, 2025
MemeStrategy’s decision reflects a similar trajectory taken by U.S.-based Strategy, known for its significant Bitcoin reserves, but this time the focus shifts to the Solana ecosystem.
MemeStrategy Adds Solana to Treasury as Part of Web3 and AI Expansion Strategy
In a formal statement, MemeStrategy expressed that this investment underscores their growing belief in Solana’s capabilities as a next-generation blockchain. The firm highlighted Solana’s capacity to support decentralized applications, real-world asset tokenization, and AI-enhanced Web3 solutions.
Ray Chan, Chairman and CEO of MemeStrategy, remarked, “Our strategic acquisition of 2,440 Solana units reflects our strong confidence in the long-term potential of this cryptocurrency.”
He further noted, “Solana is a leading blockchain project with extensive applications, ranging from decentralized platforms to AI-driven Web3 solutions.”
The company also pointed out Solana’s Proof-of-Stake architecture and revealed plans to engage in network validation to earn staking rewards, contributing to the overall security of the network.
The acquisition was financed through the company’s internal resources and aligns with its broader strategy of innovation in the realms of blockchain and AI.
MEMESTRATEGY JUST MADE THEIR FIRST CRYPTO MOVE
VOLUNTARY ANNOUNCEMENT: STRATEGIC INVESTMENT IN SOLANA
Here’s what just dropped:
1/ The Numbers
– 2,440 SOL purchased (matching their stock code 2440HK – genius branding)
– HK$2,907,465 (~$372,000 USD) invested
– Average price:… pic.twitter.com/A7R61Nb0ON
— Tat Thang (@Febers4) June 16, 2025
The official filing indicated that the board views Solana as a scalable and efficient infrastructure suitable for both developers and institutional use.
The board elaborated on three strategic reasons behind this investment: gaining exposure to a rapidly expanding ecosystem, the potential for yield generation through staking, and diversifying treasury holdings.
This acquisition forms part of the firm’s strategy to diversify its treasury, where securing a high-growth digital asset like SOL allows MemeStrategy to mitigate macroeconomic risks while positioning itself within a burgeoning blockchain landscape.
While the board characterized the acquisition as voluntary and not requiring a notifiable transaction under Hong Kong’s regulations, the company affirmed its commitment to meeting future disclosure requirements concerning digital asset investments.
As interest from corporations in alternative digital assets increases, MemeStrategy’s investment in Solana could signify the onset of a larger trend moving beyond Bitcoin in public markets.
Institutions Double Down on Solana as ETF Speculation Heats Up
The acquisition of HK$2.9 million worth of Solana by MemeStrategy has intensified institutional interest in SOL, prompting optimistic market sentiment and reinforcing Solana’s reputation as a leading digital asset in 2025.
@DeFiDevCorp now holds over 609,000 Solana tokens after shifting focus from real estate.
#SEC #Solana https://t.co/GQQoonKVzr
— Finance Newso.com (@Finance Newso) June 12, 2025
DeFi Development Corp is pursuing a distinct strategy by securing a substantial $5 billion equity line of credit to incrementally grow its Solana holdings. The firm plans to utilize this credit judiciously, accumulating SOL when market conditions are favorable.
Although DeFi Development recently faced challenges with its SEC registration, leading to a withdrawal of its $1 billion filing, its commitment to Solana remains steadfast. The firm had previously invested $11.5 million in SOL, joining a growing roster of public companies shifting their focus from Bitcoin to Solana.
Other enterprises, including SOL Strategies, Upexi, and Janover, are also beginning to build their SOL holdings, either to enhance existing operations or pivot towards blockchain-oriented strategies.
For instance, Classover Holdings experienced a nearly 40% surge in its stock price after outlining plans to raise up to $500 million for the establishment of a Solana-based corporate treasury.
Shares of Classover surged nearly 40% on Monday after unveiling a plan to raise up to $500 million for a Solana-based corporate treasury.#Solana #SOL https://t.co/CsnvPK4Ncu
— Finance Newso.com (@Finance Newso) June 3, 2025
This surge in interest reflects increasing confidence in Solana’s long-term value, especially as the token continues to trade about 50% below its peak levels observed in February.
On June 16, Solana’s price climbed 9.5% to reach $157, with daily trading volume soaring to $4.5 billion, indicating robust demand. This rally has been partly driven by speculation surrounding a potential spot Solana ETF.
Growing speculation about a spot Solana ETF in the United States has also energized the market. Seven asset managers, including notable names like VanEck, Grayscale, and Bitwise, have filed for approval, and analysts from Bloomberg estimate a 90% chance of early approval.
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