Trailblazing Move by Asia’s First Public Crypto Firm
MemeStrategy, a digital asset investment firm based in Hong Kong and linked to 9GAG, has made history by becoming the first public company in Asia to officially add Solana to its corporate treasury. The company said on June 16, 2025, that it had bought 2440 SOL tokens for an average price of HKD 1191 per token, which came to almost HKD 2.9 million, or about 370,000 US dollars.
The purchase was made through OSL, which is Hong Kong’s first licensed virtual asset trading platform under the city’s Securities and Futures Commission. After this news, MemeStrategy’s stock price jumped by more than 28 percent, showing that investors are very confident in the company’s risky plan to diversify.
But this isn’t just a one-time purchase. MemeStrategy wants to actively stake its Solana holdings and be a validator node on the Solana blockchain. This method not only makes it possible to earn long-term income through staking rewards, but it also helps the Solana network stay healthy and decentralized. It’s a big deal for both the company and the crypto scene in Asia as a whole for a company to hold, stake, and secure a top ten crypto asset in public.
A sign that Solana is becoming more popular with institutions
Chen Zhancheng, the CEO of MemeStrategy, says that the decision is part of a larger focus on AI, culture, and blockchain infrastructure. Solana is a great blockchain for tokenizing real-world assets and new Web3 apps that use AI because it can process transactions quickly and has low fees. MemeStrategy is positioning itself as a forward-looking company in a world where digital asset treasuries are becoming the new standard by locking in early exposure.
This move is also in line with what is happening around the world. In the past, US companies have added Bitcoin and Ethereum to their balance sheets, but public institutions have mostly left Solana alone until now. MemeStrategy’s strategic bet could lead other Asian companies to do the same, especially since Hong Kong is still working on a regulatory framework that gives virtual asset companies clear legal ground to do business.
The news also had an effect on SOL prices, which rose by 9.5% and pushed Solana over the $157 mark. The effects of this purchase can already be seen in both the stock and crypto markets, which shows that Solana’s time has come.
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