MemeStrategy, a Hong Kong Stock Exchange-Listed Company, Purchased Thousands of Dollars of This Altcoin! Here Are the Details

Hong Kong-listed MemeStrategy, formerly Maistrategy, announced that it has used its in-house resources to purchase 2,440 Solana (SOL) on the open market for approximately HK$2.91 million (US$372,000). The move reflects the company’s growing focus on blockchain and Web3 innovation. Hong Kong-listed MemeStrategy Acquires 2,440 Solanas as Part of Strategic Web3 Transformation In its official statement, the company positioned this investment as a strategic allocation to emerging digital ecosystems, highlighting Solana’s value proposition in supporting decentralized applications (dApps), DeFi infrastructure, and broader Web3 use cases. Following the announcement, MemeStrategy's share price rose nearly 21% to HK$2.42 per share in Monday's trading session. The company has also officially rebranded as “MemeStrategy,” with its ticker remaining unchanged. The name change reflects its ongoing strategic shift into the crypto and Web3 sectors. This change comes after 9GAG co-founder Ray Chan announced that he had successfully acquired another Hong Kong-listed company, Hypebeast Holdings, which he will rename to MemeStrategy and allocate a portion of its treasury to Bitcoin and other crypto assets. MemeStrategy’s recent Solana acquisition reflects growing institutional interest in digital assets among publicly traded companies in Asia, particularly as the Web3 narrative continues to gain traction in global capital markets. *This is not investment advice. Continue Reading: MemeStrategy, a Hong Kong Stock Exchange-Listed Company, Purchased Thousands of Dollars of This Altcoin! Here Are the Details