Hong Kong-listed MemeStrategy buys 2,440 SOL tokens on the open market

MemeStrategy Inc, a publicly listed virtual asset ecosystem company on the Hong Kong Stock Exchange, has acquired 2,440 Solana (SOL) tokens in an open-market transaction valued at approximately HKD 2.9 million (US$369,442).

The firm, formerly known as Howking Technology International Holdings Limited, recently rebranded to MemeStrategy Inc (ticker: 2440.HK), a name change that reflects its sharpened focus on blockchain innovation and digital assets.

This milestone purchase makes MemeStrategy the first listed company in Hong Kong to directly invest in the Solana ecosystem, underscoring a broader pivot toward Web3 and decentralised finance across Asian capital markets.

MemeStrategy’s SOL acquisition executed through OSL Group

According to a press release issued by MemeStrategy, the Solana acquisition was executed through OSL Group, a Hong Kong-regulated digital asset platform licensed by the Securities and Futures Commission (SFC), signalling a strategic preference for institutional-grade compliance and custody standards.

By purchasing Solana through OSL rather than unregulated platforms, MemeStrategy has positioned itself as a responsible institutional player, aligning its operations with the region’s evolving regulatory framework.

The deliberate use of OSL Group for the transaction is not just a matter of convenience; it is a strategic choice that highlights the growing importance of regulatory clarity in digital asset adoption.

In addition, OSL was the first SFC-licensed platform in Hong Kong, and its involvement reinforces a message of trust and compliance to shareholders and regulators alike.

Moreover, the acquisition signals that Hong Kong’s digital asset licensing regime is beginning to yield results by enabling safer entry points for traditional finance institutions and listed companies.

MemeStrategy stock soars after the Solana (SOL) purchase

Following the announcement of its Solana acquisition, MemeStrategy’s stock price surged by more than 28%, closing at HKD 2.42 per share during Monday’s trading session.

MemeStrategy stock price |Source: Google Finance

The sharp rise suggests that investors responded positively to the company’s entry into the digital asset space, especially as it builds on Solana’s reputation as a leading platform for decentralised applications and DeFi solutions.

Analysts believe that the market’s enthusiastic reaction is a signal of growing investor confidence in companies that demonstrate forward-looking digital strategies and capitalise on blockchain infrastructure.

Notably, MemeStrategy’s measured acquisition highlights a growing global trend of corporate treasury diversification into alternative digital assets beyond just Bitcoin.

While companies like MicroStrategy and Tesla led the charge in 2020 by purchasing hundreds of millions worth of Bitcoin, newer players like MemeStrategy are choosing Solana to gain exposure to faster, scalable blockchain networks.

The relatively modest purchase, funded entirely through internal resources, also indicates prudent financial management, avoiding external capital while still entering a fast-moving digital economy.

Solana, known for its high throughput, low fees, and scalability, has increasingly attracted the attention of institutions seeking reliable platforms to support the next generation of decentralised applications.

Its growing appeal is supported by recent market performance, with SOL trading around $156 and commanding a market cap of over $82 billion, highlighting its influence among top-tier blockchains.

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