A significant milestone was achieved this week as MemeStrategy, a firm listed on the Hong Kong Stock Exchange, acquired 2,440 units of Solana (SOL), making headlines across the crypto landscape.
With roots in Hong Kong and backed by the innovative minds behind 9GAG, the acquisition on June 16, 2025, set the company back approximately HKD 2.9 million ($370,000).
As per a Monday announcement, each SOL token cost around HKD 1,191, facilitated by the OSL Group.
Positioning for a Web3 Future
Reports indicate that MemeStrategy has set its sights beyond immediate profits. The company aims to engage with Solana’s expanding developer community and institutional clients, hoping to carve out a vital role in what it describes as “key Web3 infrastructure.”
— Superteam Japan (@SuperteamJapan) June 17, 2025
The firm emphasizes that this move aligns with its focus areas: artificial intelligence, blockchain technology, and cultural initiatives. Contributing to both technology and real-world finance could open new avenues for integration.
Staking as a Revenue Stream
MemeStrategy plans to operate its own validator nodes within Solana’s proof-of-stake ecosystem, which could yield reliable rewards over time. By keeping its assets secured in the network, the company stands to accumulate more SOL while actively aiding in the blockchain’s security.
This strategy aligns with the executives’ vision of creating steady income sources alongside their spot holdings, making it a dual-benefit approach.
Market Reaction and Share Performance
The market applauded this decisive move, with shares surging 28% to HKD 2.57 following news of the Solana acquisition. Investors interpreted this as a strong signal of MemeStrategy’s proactive engagement in the cryptocurrency space rather than a mere passive holding.
However, some experts caution that the inherent volatility of SOL could impact both the asset and the firm’s stock. Regardless, the notable 28% increase reflects an eagerness among investors for established companies endorsing smart contract solutions.
Part of a Growing Movement
MemeStrategy is not venturing alone into this territory. Other companies like DeFi Development Corporation, Upexi Inc., Sol Strategies, and Classover have also incorporated SOL into their asset portfolios. Notably, this is a pioneering action by a Hong Kong-listed company.
This strategic investment may encourage more public organizations in the region to consider similar moves as regulatory frameworks evolve, setting a precedent for firms deliberating entry into the proof-of-stake realm.
Featured image from Unsplash, chart from TradingView
