MemeStrategy, formerly known as Mi Strategy, made an investment in the Solana ecosystem by acquiring 2,440 SOL for HKD 2.9 million.
Acquisition of 2,440 SOL
MemeStrategy has acquired 2,440 SOL, marking the first instance of a publicly listed company in Hong Kong investing in the Solana ecosystem. Following the announcement, the company’s stock rose by 20%. As of now, Solana is priced at $156.39 with a market capitalization of $82.66 billion.
Role of OSL Group in the Transaction
The transaction was facilitated by OSL Group, a licensed digital asset platform by the Hong Kong Securities and Futures Commission. OSL provides a secure and reliable environment for digital asset transactions and custody.
Strategic Goals of MemeStrategy
MemeStrategy’s CEO, Ray Chan, emphasized Solana’s significance as a player in decentralized applications and DeFi infrastructure. He stated that the acquisition of SOL reflects the company's confidence in the long-term potential of the Solana platform. He also mentioned that the deal will help the company elevate its asset management and aligns with their diversification strategy.
In summary, by investing in Solana, MemeStrategy aims to strengthen its position in the digital asset space and advance its strategic goals focused on Web3 ecosystem development.
