MemeStrategy stock gains 20% after becoming first Hong Kong-listed Solana reserve

MemeStrategy, formerly Mi Strategy, bought 2,440 SOL, valued at HKD 2.9 million, to become the first publicly listed company in Hong Kong to invest in the Solana ecosystem. The HK-listed company’s stock surged 20% after the announcement, showing a positive market reception. Solana trades at $156.39, with a market capitalization of $82.66 billion. The company owns a 2.49% market share, and its 24-hour trading volume reached $4.47 billion. The recent market shifts show a 6.29% change in 24 hours and a 25.95% change over 90 days. HK-listed company acquires 2,440 SOL valued at HKD 2.9 million Ray Chan, CEO of MemeStrategy, said Solana is a key player in decentralized applications, DeFi infrastructure, and Web3 innovations. He added that the acquisition of 2,440 SOL reflected the company’s confidence in the long-term potential of the Solana cryptocurrency platform. The HK-listed company stock traded at HKD 2.42 per share in the open market. The funds for the acquisition were sourced from internal resources. OSL Group, a licensed digital asset platform by the Hong Kong Securities and Futures Commission, facilitated the transaction, which was executed at an average price of HKD 1,191. MemeStrategy aims to create a presence in the digital asset sector and join the growing trend among global companies like Metaplanet . According to MemeStrategy, the acquisition will help them tap into a rapidly growing Web3 ecosystem due to Solana’s expanding community of developers, individual users, and institutional participants. The investment positioned the HK-listed company to benefit from secure critical resources for future Web3 infrastructure. By participating in Solana’s Proof of Stake architecture and contributing to network security and validation, MemeStrategy gains from generated returns through blockchain validation and earns a consistent stake reward, balancing asset growth with risk management. Chan, Chairman and CEO of MemeStrategy, said the acquisition will enhance asset allocation and diversification and align with the company’s long-term strategic goals. He added that Solana is a leading blockchain project with wide-ranging applications, from decentralized platforms and real-world asset tokenization to AI-driven Web3 solutions. He revealed that the acquisition aligns with the company’s focus on AI, blockchain, validation technologies, and next-generation tech development, marking a significant step forward in MemeStrategy’s expansion into digital assets and the Web3 ecosystem. OSL Group facilitates MemeStrategy’s Solana acquisition The acquisition was completed by OSL Group, the first digital asset platform licensed by the Securities and Futures Commission of Hong Kong, which is also listed on the main Board of the Hong Kong Stock Exchange. OSL provides a secure and reliable environment for digital asset transactions and custody. MemeStrategy ensures the safety and reliability of its asset investments and custody by transacting through OSL Group and has gained access to the tokenized economy, including non-fungible tokens (NFTs), memecoins, and real-world assets. “ It is a pleasure to announce that another Hong Kong-listed company, has chosen OSL Digital Securities as a partner for digital asset trading and custody. In a market first initiative OSL is proud to facilitate MemeStrategy, to invest in the Solana ecosystem marking OSL’s expansion beyond Bitcoin and Ethereum.” – Ryan Miller , Head of Sales at OSLDS Miller said the partnership with MemeStrategy reflected a growing market recognition and commitment to high-potential cryptocurrency investments. He added that OSL has established a strong track record in providing regulated entities with secure and compliant digital asset infrastructure since onboarding its first listed client in 2021. DeFi Development Corporation, Upex Inc., Sol Strategies, and Classover have recently adopted Solana as their primary reserve asset, contributing to the growing trend of publicly traded companies using Solana as their treasury reserve strategy. Miller believes that Solana drives Web3 development and asset allocation while emerging as a new option for an enterprise-level asset management platform. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

Source: Cryptopolitan