Institutional interest in crypto assets has been rapidly increasing among both technology and finance companies in recent times. MemeStrategy's 2,440 SOL token investment through Hong Kong is one of the latest examples of this.
MemeStrategy completed its Solana purchase
MemeStrategy Inc., Asia's first publicly traded cryptocurrency company, has drawn attention in the crypto world with its investment in the Solana ecosystem. The company, which is listed on the Hong Kong Stock Exchange, purchased 2,440 SOL tokens worth approximately 2.9 million Hong Kong dollars (approximately 372,000 US dollars). The SOL purchase was made through OSL Group, a digital asset platform licensed by the Hong Kong Securities and Futures Commission (SFC).
The company, formerly known as Howking Technology Holdings, was recently acquired and restructured by the co-founder of the famous humor platform 9GAG. During this process, the company changed its name to MemeStrategy and shifted its focus from traditional technology to crypto assets, decentralized applications (dApps), and Web3 innovation. In its official statement regarding the SOL purchase, the company emphasized that this investment is part of its long-term vision related to decentralized finance (DeFi) infrastructure and Web3 innovations. The statement noted that MemeStrategy aims to actively contribute to projects in this field.
Markets also responded positively to this strategic move. Following the announcement of the SOL token purchase, MemeStrategy's stock price on the Hong Kong Stock Exchange rose by approximately 28%.
Companies continue to add cryptocurrencies to their treasuries
MicroStrategy is known for its large BTC purchases since 2020. As of June 2025, it has added 582,000 Bitcoin to its treasury. Meanwhile, in May 2025, GameStop purchased $513 million worth of Bitcoin and added it to its portfolio. Recently, Trump's media company also announced plans to raise $2.5 billion to purchase BTC. Other notable companies include:
- Upexi, a Tampa-based consumer products company, is preparing to purchase SOL with a $100 million fundraising plan.
- ATW Partners, a New York-based company, purchased $500 million worth of SOL tokens.
- BC Bud Co., a Canada-based company, purchased 250,000 CAD worth of XRP to diversify its treasury.
- As we reported earlier this morning, Japan-based Metaplanet is another company making headlines with its Bitcoin purchases. By buying an additional 1,112 Bitcoin (BTC), it has increased its total Bitcoin holdings to 10,000. With this move, it has surpassed Coinbase Global to become one of the largest institutional investors holding Bitcoin. The company spent 117.2 million dollars on this purchase.
