Solana is gaining traction as an important infrastructure layer for decentralized applications and web3 innovation. In the latest, MemeStrategy, a Hong Kong-listed company, has purchased 2,440 Solana tokens worth approximately HK$ 2.91 million and was executed at an average price of approximately HK$ 1191 through OSL Group. This makes it the first publicly listed company in Hong Kong to invest in the Solana ecosystem.
In its official statement, the company described the investment as a strategic move into growing digital ecosystems. It emphasized Solana’s strengths in powering decentralized apps (dApps), DeFi platforms, and other Web3 technologies. The announcement also comes just after 9GAG co-founder Ray Chan completed the acquisition of MemeStrategy, which was formerly known as Hojin Technology Holdings.
Speaking about its Solana token acquisition, Ray Chan said, “Solana is a leading blockchain project with wide-ranging applications, from decentralized platforms and real-world asset (RWA) tokenization to AI-driven Web3 solutions. This investment aligns closely with our focus on AI, blockchain, validation technologies, and next-generation tech development.”
By holding SOL, MemeStrategy wants to take advantage of the fast-growing Solana ecosystem, earn extra income through staking, and spread out its investments to reduce the risk from overall market ups and downs. Some reports even suggest that MemeStrategy could also be working towards a Bitcoin treasury in the future.
In recent years, numerous publicly traded companies worldwide have incorporated Solana into their treasury reserve strategies. These include DeFi Development Corporation, Upexi Inc., Sol Strategies, and Classover, all of which have adopted Solana as a primary reserve asset, the press release read.
MemeStrategy is Asia’s first publicly listed digital asset venture, which is managed by the team behind 9GAG, a globally acclaimed meme platform with over 200 million users. Post the announcement, the company’s stock price surged as much as 28% in trade, whereas Solan traded over 7% higher at $156.63 at the time of reporting.
Solana operates on a proof-of-stake architecture that allows participants to earn staking rewards while contributing to network validation.
