MemeStrategy Stock Jumps 20% After Historic HK$2.9M Solana Grab

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Hassan Shittu

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Hassan Shittu

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June 16, 2025

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Shares of MemeStrategy, a Hong Kong-listed digital asset firm, jumped over 20% following the company’s announcement that it had acquired HK$2.9 million (approximately $370,000) worth of Solana (SOL).

The purchase marks the first time a Hong Kong publicly listed company has officially added Solana to its corporate treasury reserves.

The company revealed it acquired 2,440 SOL tokens on June 16 through OSL Group, a licensed digital asset platform in Hong Kong. The news sent MemeStrategy’s stock soaring on the Hong Kong Stock Exchange, signaling strong investor interest in the move.

MemeStrategy’s move mirrors the earlier playbook of U.S.-based Strategy, which became known for its aggressive Bitcoin reserves, but this time, the focus is on the Solana ecosystem.

MemeStrategy Adds Solana to Treasury as Part of Web3 and AI Expansion Strategy

In an official statement, MemeStrategy said the investment reflects growing confidence in Solana’s potential as a next-generation blockchain. The firm emphasized Solana’s role in powering decentralized applications, real-world asset tokenization, and AI-integrated Web3 solutions.

“Our strategic acquisition of 2,440 Solana units reflects our strong confidence in the long-term potential of this cryptocurrency,” said Ray Chan, Chairman and CEO of MemeStrategy.

“Solana is a leading blockchain project with wide-ranging applications, from decentralized platforms and real-world asset tokenization to AI-driven Web3 solutions,” he added.

MemeStrategy also highlighted Solana’s Proof-of-Stake architecture, noting that the company plans to participate in network validation to earn staking rewards while contributing to the network’s security.

The acquisition was financed through internal resources and is part of the firm’s broader push into blockchain and AI innovation.

According to the official filing, the board sees Solana as a scalable, efficient infrastructure for developers and institutions alike.

The firm cited three strategic reasons behind the investment: exposure to a fast-growing ecosystem, the opportunity to generate yield via staking, and diversification of its treasury holdings.

The firm also sees this move as part of its treasury diversification strategy. By adding a high-growth digital asset like SOL to its reserves, MemeStrategy aims to hedge against macroeconomic volatility while positioning itself in a rapidly expanding blockchain ecosystem.

The board described the move as voluntary and said it does not require a notifiable transaction under Hong Kong’s listing rules. However, the company noted it will comply with future disclosure requirements regarding digital asset investments.

As corporate interest in alternative digital assets grows, MemeStrategy’s Solana bet could mark the beginning of a broader shift beyond Bitcoin in the public markets.

Institutions Double Down on Solana as ETF Speculation Heats Up

Following MemeStrategy’s bold HK$2.9 million Solana acquisition, institutional momentum around SOL is growing rapidly, fueling market optimism and reinforcing Solana’s status as a top-tier digital asset in 2025.

DeFi Development Corp is taking a different route, securing a massive $5 billion equity line of credit to gradually expand its Solana reserves. The firm plans to draw from the credit strategically rather than all at once, allowing it to accumulate SOL when market conditions are favorable.

Although DeFi Development recently withdrew its $1 billion SEC registration over filing issues, its SOL commitment remains firm. In April, the firm added $11.5 million worth of Solana to its treasury, joining a growing list of public companies pivoting to SOL instead of Bitcoin.

Other public companies are also jumping in with firms such as SOL Strategies, Upexi, and Janover also beginning to accumulate SOL, either to complement existing operations or to pivot toward blockchain-focused strategies.

For example, another firm, Classover Holdings, saw its shares surge nearly 40% after unveiling a recent plan to raise up to $500 million for a Solana (SOL)-based corporate treasury.

The move reflects rising confidence in Solana’s long-term value, especially with the token still trading 50% below its February highs.

Meanwhile, Solana’s price surged 9.5% on June 16, hitting $157 with daily trading volume doubling to $4.5 billion, signaling strong demand. The rally has been partly fueled by speculation around a spot Solana ETF.

Fueling the current rally is mounting speculation around a spot Solana ETF in the U.S. Seven asset managers, including VanEck, Grayscale, and Bitwise, have filed for approval, with Bloomberg analysts placing odds of an early green light at 90%.