Hong Kong stocks have seen a SOL version of MicroStrategy!
The meme coin of the same name skyrocketed 30 times in a single day to $2440.
MemeStrategy (@MemeStrategy) is quite an interesting company. It was originally called HoKing Technology Holdings, but was later acquired by one of the co-founders of 9GAG and has now been renamed MemeStrategy. The name sounds a bit like it's trying to ride the coattails of MicroStrategy, the American company that is famously buying up Bitcoin.
Today, MemeStrategy announced that it purchased 2,440 $SOL on the open market, spending about 2.9075 million Hong Kong dollars. The number 2,440 doesn't seem to be random; it matches the last four digits of the company's stock code 02440, which feels intentional.
Why did the company choose Solana? The announcement states that the board recognizes SOL as a foundational layer for decentralized applications (dApps), DeFi infrastructure, and Web3 innovation. Solana is known for its high-speed, low-cost transactions and active community, supporting DeFi platforms, tokenized real assets, and AI-driven Web3 applications, including consumer engagement through memecoins.
MemeStrategy has three goals for buying SOL: to participate in the rapidly expanding ecosystem, to earn returns through staking, and to diversify its reserve assets. Interestingly, after the news was announced, the company's stock price immediately rose by 21%, reaching 2.42 HKD per share. Another background detail is that the co-founder of 9GAG previously acquired this company, intending to rename it MemeStrategy and allocate Bitcoin. It seems this company is fully pivoting towards the crypto and Web3 space.
Meanwhile, the meme coin platform is at $2440. Among them, the one with the highest market cap was issued over 70 days ago and went through several rounds of ups and downs, nearly hitting zero at one point. However, after today's announcement, the token surged violently by over 20 times, with a peak market cap exceeding $550K and a 24-hour increase of over 30 times.
#SOL #MemeStrategy #memecoin
Hong Kong listed company MemeStrategy purchased 2,440 $SOL for approximately HKD 2.9 million as a strategic reserve.
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