Hong Kong-based investment firm, MemeStrategy, has acquired Solana to put it on its balance sheet, promising to use the tokens to help secure the network and reap rewards from staking.
The company's shares soared 28.5% after becoming the first public company in Hong Kong to invest in SOL. The deal involved the purchase of 2,440 Solana tokens, worth about $368,000, through OSL Group, a digital asset platform licensed by Hong Kong's SFC regulator.
The shares of MemeStrategy (2440.HK) rose to $2.70 on Tuesday, bringing the company's market capitalisation to $83.1 million.
Long-Term Commitment on Solana
The purchase was made at an average price of $151.70 per token and is part of the company's broader strategy to participate in the Solana ecosystem. MemeStrategy intends to use the tokens to participate in the Proof-of-Stake consensus, thereby contributing to the security of the network and generating revenue through validation activity.
The board of directors of MemeStrategy recognised Solana's potential in tokenization of assets and the development of AI-based Web3 solutions.
"This investment is fully in line with our focus on artificial intelligence, blockchain, data verification and next-generation technologies. It represents an important step in the development of MemeStrategy as part of Web3," said a company spokesperson.
MemeStrategy is owned by 9GAG, a social platform with over 200 million users, which leverages its knowledge of internet culture and technology for digital investments.
Cantor Fitzgerald Promotes Solana
Companies starting to invest in Solana can take advantage of the velocity and low transaction costs, especially in the area of tokenized securities, said Thomas Schinske, analyst at Cantor Fitzgerald.
He also noted that companies can strengthen the network through staking, while increasing the value in SOL per share.
"As liquidity increases, it becomes easier to raise capital. Treasury companies can follow the 'Saylor method': raise funds at a premium to NAV, buy SOLs and increase the number of SOLs per share," he said.
"By combining staking and treasury operations, these companies can grow faster in SOLs per share than those focused only on BTC," Schinske added.
Solana-Linked Treasury Companies Grow
Data from Bloomberg show that Solana-based treasury companies, such as Upexi and DeFi Development Corp, have far outperformed the currency itself. Their shares have risen 306% and 207% respectively since 16 April, while SOL has only risen 19%.
Another company, Sol Strategies, has risen 33% in the same period. This increase highlights the growing investor interest in companies that build financial products on the Solana blockchain, rather than simply holding the native token.
According to analysts, these companies benefit from diversified revenue models, combining exposure to tokens with transaction fees, stacking services and venture capital investments. Moreover, the increased institutional interest in blockchain infrastructure makes it even more attractive. Investors see them as instruments leveraging the Solana ecosystem, offering exposure to DeFi and innovation in tokenomics.
