Yeliz Akmaca 
MemeStrategy announced the purchase of Solana (SOL) tokens worth approximately 2.9075 million Hong Kong Dollars (HKD). This strategic move led to a remarkable 21% increase in MemeStrategy’s stock value as of Tuesday’s close.
Formerly known as Howking Technology International Holdings Limited, the company was rebranded as “MemeStrategy” after being acquired in 2023 by 9GAG co-founder Ray Chan. This transition marked a major shift in the company’s business model, exiting telecom services to focus on crypto assets and Web3 technologies. The Solana acquisition was made via OSL Group, one of Hong Kong’s licensed digital asset trading platforms. This indicates the transaction was conducted within a regulated and transparent framework.
A New Example of Corporate Crypto Investment
The Solana network is known for its high transaction speed, low fees, and suitability for DeFi and NFT projects. MemeStrategy’s move reflects the growing appeal of Solana among institutional investors. Moreover, a publicly listed company directly adding crypto assets to its portfolio signals a paradigm shift in the industry.
Hong Kong has established clear regulations for digital assets in recent years, aiming to position itself as a global Web3 hub. MemeStrategy conducting the transaction through a licensed platform sets a strong example aligned with this vision.
Market Reaction and Future Implications
The 21% surge in share price shows investors welcomed the strategic move. This development could serve as a reference point for other publicly listed companies. Increased corporate crypto investments further solidify the role of digital assets in the financial world.
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