Asia’s First Public Crypto Company, MemeStrategy, Scores Historic SOL Win
MemeStrategy, a Hong Kong Stock Exchange-listed company, made waves this week by purchasing 2,440 units of Solana (SOL). Based in Hong Kong and backed by the group behind 9GAG, the company spent about HKD 2.9 million ($370,000) on June 16, 2025. Each SOL token cost an average of HKD 1,191, and the transaction was facilitated by OSL Group.
Gateway To Web3 Infrastructure
MemeStrategy aims for more than a quick trade. It plans to leverage Solana’s expanding community of developers and institutional users. By holding SOL, the company aims to establish a presence in what it terms as ‘crucial Web3 infrastructures.’
The team asserts that this aligns with its three pillars – artificial intelligence, blockchain, and culture – and direct involvement could lead to discovering new ways to connect applications with real-world finance.
Staking For Stable Returns
Operating its own validator nodes on Solana’s proof-of-stake network will yield consistent rewards, according to the company. This allows MemeStrategy to accumulate more SOL over time by securing its coins on the network, while also contributing to the network’s security. Company executives emphasize that staking complements their goal of generating stable income streams alongside spot holdings.
Share Price Takes Off
Investors welcomed the move, with shares surging 28% to HKD 2.57 on Monday following the Solana acquisition. Some traders interpreted it as a sign that MemeStrategy is ready to actively engage in the crypto space, beyond merely holding tokens. However, caution was advised as SOL’s price volatility could impact both the token holdings and the company’s stock value.
Joining A Growing Club
MemeStrategy joins other firms like DeFi Development Corporation, Upexi Inc., Sol Methods, and Classover in adding SOL to their treasuries. Notably, this marks the first such move by a Hong Kong-listed entity. In jurisdictions where regulations are still evolving, MemeStrategy’s initiative might encourage more publicly traded companies to follow suit. Observing the performance of its stake could serve as a guiding example for other firms contemplating entry into proof-of-stake tokens.
Featured image from Unsplash, chart from TradingView
