Hong Kong-based digital asset firm MemeStrategy has made headlines by becoming the first publicly listed company to announce a Solana [SOL] reserve strategy. The firm has acquired 2,440 SOL tokens from the open market, representing an investment of HKD 2.9 million (approximately USD 370,000). The announcement ignited investor enthusiasm, sending MemeStrategy’s stock price surging by over 28% on the Hong Kong Stock Exchange.
The SOL purchase was executed via OSL Group, a licensed cryptocurrency trading platform in Hong Kong. MemeStrategy emphasized that the strategic move is aligned with its broader mission to support blockchain innovation, artificial intelligence, and validation technologies. The company also plans to stake its SOL holdings, thereby participating in the Solana network’s Proof-of-Stake (PoS) consensus model to bolster network security and earn passive staking rewards.
Speaking on the milestone, Ray Chan, Chairman and CEO of MemeStrategy, stated,
“Our strategic acquisition of 2,440 Solana units reflects our strong confidence in the long-term potential of this cryptocurrency. Solana is a leading blockchain project with wide-ranging applications, from decentralized platforms and real-world asset (RWA) tokenization to AI-driven Web3 solutions.”
This move follows a broader trend of corporate crypto adoption, as companies diversify reserves amid growing confidence in blockchain-based assets. Just last week, SharpLink Gaming became the largest publicly traded Ethereum holder, signaling mounting institutional interest in crypto assets beyond Bitcoin.
MemeStrategy’s bold entry into Solana comes at a time when institutional demand for SOL is gaining momentum. The optimism surrounding the potential approval of a spot Solana ETF in the U.S. has contributed to a notable uptick in buying pressure. Several issuers recently submitted the SEC-mandated S-1 forms, and although the regulatory green light is still pending, it has not dampened enthusiasm among forward-looking investors.
Also Read: Allnodes Launches Bare-Metal Servers for Solana Validators and Builders
With the ETF speculation fueling bullish sentiment, Solana’s price surged 8% to $157, pushing its market capitalization to over $82.4 billion. Trading volume has spiked by over 100% in the past 24 hours, while SOL futures open interest climbed 10% to near $7 billion, underscoring heightened trader activity and institutional positioning.
MemeStrategy’s move positions it ahead of traditional Wall Street players, establishing a firm foothold in the Solana ecosystem at a time of growing market excitement. The decision could serve as a blueprint for other public companies considering crypto diversification, especially as the digital asset market matures and regulatory clarity improves globally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
