Hong Kong – listed MemeStrategy, founded by the team behind the globally renowned meme platform 9GAG with over 200 million users, has made headlines with its recent foray into the Solana ecosystem.
On June 16, 2025, MemeStrategy announced that it had acquired 2,440 units of the cryptocurrency Solana in the open market at a cost of approximately HK $2.9 million. This purchase was executed through OSL Group, a licensed cryptocurrency trading platform in Hong Kong.
Solana is a leading blockchain project with a wide range of applications, including decentralized platforms, real – world asset tokenization, and AI – driven Web3 solutions. The board of MemeStrategy recognizes Solana’s potential and its position as the underlying layer for decentralized applications (dApps), institutional – grade decentralized finance (DeFi) infrastructure, and Web3 innovation. By investing in Solana, MemeStrategy aims to tap into its three core advantages: participating in the rapidly expanding ecosystem to drive sustainable demand, generating income through network validation to earn staking rewards while contributing to blockchain security, and diversifying reserve assets to hedge against macro – economic fluctuations.
Following the announcement of the Solana purchase, MemeStrategy’s stock price experienced a significant surge. It climbed as much as 32.50% intraday and closed at HK $2.57, up 28.50% for the day. This strong performance reflects investors’ confidence in MemeStrategy’s strategic move and the market’s recognition of Solana’s potential.
OSL Group stated that this transaction not only marks MemeStrategy as the first Hong Kong – listed company to invest in the Solana ecosystem but also reaffirms OSL Group’s position as the preferred platform for institutional investors to allocate digital assets.
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