MemeStrategy’s stock price rose by about 29% after it became the first listed company in Hong Kong to hold a stake in Solana

Odaily Planet Daily News Hong Kong-listed technology investment company MemeStrategy announced that it has included Solana in its balance sheet and will participate in its staking ecosystem in the long term to support network security and obtain returns. According to the announcement, MemeStrategy has purchased 2,440 SOLs at a price of approximately HK$2.9 million (approximately US$368,800) through the licensed crypto asset platform OSL Group, with an average transaction price of approximately US$151.7. Stimulated by this news, MemeStrategy (2440.HK) shares closed up 28.5% at HK$2.57 on the Hong Kong Stock Exchange on Monday, and further rose to HK$2.70 in early trading on Tuesday, with a latest market value of HK$653 million (approximately US$83.1 million). MemeStrategy said that the investment is highly consistent with its long-term strategy in the fields of AI, blockchain, verification technology, etc., and will increase the expansion of the Solana ecosystem and deeply participate in the construction of Web3 infrastructure. The board believes that Solana has great potential in real-world asset tokenization and AI-driven solutions. In addition, Bloomberg cited the views of Cantor Fitzgerald analysts, pointing out that Solana's high-speed, low-cost network is very suitable for tokenized securities. Combined with the pledge mechanism, Solana Finance is expected to achieve faster growth in assets per share than BTC Finance. According to Bloomberg data, since April 16, Solana Finance Company Upexi and DeFi Development Corp have risen by 306% and 207% respectively, far exceeding SOL's 19% increase in the same period; Sol Strategies has also risen by 33%. (Cointelegraph)