Hong Kong-listed company MeStrategy announces purchase of 2,440 SOL, share price surges over 20%

Odaily Planet Daily reported that Hong Kong-listed company MemeStrategy (HK2440) has announced the purchase of 2,440 Solana (SOL) tokens on the open market, with a transaction amount of approximately HKD 2.9075 million. The funds were sourced from the company’s internal resources. In its announcement, the company stated that Solana holds key value in decentralized applications, DeFi infrastructure, and Web3 innovation.

Following the announcement, MemeStrategy’s share price rose by about 21%, currently trading at HKD 2.42 per share. The company has recently undergone an official name change to “MemeStrategy” in English, while its stock code remains unchanged, indicating a strategic shift towards the crypto and Web3 sectors.

According to previous reports, a co-founder of 9GAG had announced the completion of the acquisition of Hong Kong-listed company HAOJING Technology Holdings, with plans to rename it MemeStrategy and allocate Bitcoin assets.