MemeStrategy, a Hong Kong Stock Exchange–listed firm, made waves this week by snapping up 2,440 units of Solana (SOL).
Based in Hong Kong and backed by the team behind 9GAG, the company spent about HKD 2.9 million ($370,000) on June 16, 2025.
The team says this aligns with its three pillars—artificial intelligence, blockchain, and culture—and that hands‑on involvement could help it find new ways to bridge apps with real‑world finance.
At the same time, it pitches in to secure the blockchain. Company executives point out that staking fits their goal of steady income streams alongside spot holdings.
Others warned that SOL can swing wildly, so a price drop could hit both the token stake and the firm’s stock. Either way, that 28% climb shows how hungry the market is for big names backing smart‑contract platforms.
MemeStrategy isn’t alone. DeFi Development Corporation, Upexi Inc., Sol Strategies and Classover have all added SOL to their treasuries. What stands out is that this is the first such move by a Hong Kong–listed outfit.
In regions where rules are still taking shape, MemeStrategy’s bet could nudge more public companies here to follow suit. Watching how its stake performs may set a clear example for other firms weighing a leap into proof‑of‑stake tokens.
Featured image from Unsplash, chart from TradingView
