In a bold move that caught investor attention, Hong Kong-based investment firm MemeStrategy has made headlines by becoming the first public company in Hong Kong to invest in Solana (SOL). Following the announcement, the company’s shares soared by 28.5%, highlighting growing institutional confidence in blockchain assets beyond Bitcoin and Ethereum.
Historic Solana Acquisition
The investment involved the purchase of 2,440 Solana tokens, valued at approximately $368,000, conducted via OSL Group, a digital asset platform licensed under Hong Kong’s SFC. The acquisition was made at an average price of $151.70 per token, with MemeStrategy confirming the intent to stake the tokens to help secure the network and generate staking rewards.
MemeStrategy’s stock (2440.HK) jumped to $2.70, boosting its market capitalization to $83.1 million as of Tuesday.
A Strategic Long-Term Bet on Solana
According to a company spokesperson, the Solana acquisition aligns with MemeStrategy’s core focus on artificial intelligence, blockchain innovation, and data verification. The company’s board recognized Solana’s potential in the tokenization of real-world assets and Web3-based AI solutions.
“This investment is fully in line with our vision for next-generation technologies,” the firm stated, confirming that it views Solana as a key infrastructure layer for future digital ecosystems.
Backing from 9GAG and Market Analysts
MemeStrategy is owned by 9GAG, a major online social platform with over 200 million users. This backing gives the firm strong cultural and technological reach into the Web3 economy, amplifying its strategic edge.
Analysts at Cantor Fitzgerald noted that Solana offers a compelling case for treasury investment due to its low transaction fees and high throughput. They suggested that companies could emulate the “Saylor method” — raising capital above NAV to buy tokens — and increase SOL per share through staking and treasury operations.
Solana-Based Treasury Firms Outperform SOL
Bloomberg data show that Solana-linked treasury firms have significantly outperformed SOL. For instance, Upexi and DeFi Development Corp have seen share prices rise by 306% and 207%, respectively, since April 16. In contrast, SOL itself has gained only 19% in the same period.
This growing interest in Solana-backed corporate strategies reflects rising investor appetite for blockchain-native equity exposure — a sign that the next phase of crypto investment may be institutional and infrastructure-driven.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.