TLDR
MemeStrategy becomes first public firm to add Solana (2,440 SOL) to its treasury reserves.
MemeStrategy stock jumped 28% after announcing a $370K Solana purchase via OSL Group.
Solana surged 6% to $157, with trading volume up 100% and open interest nearing $7B.
Solana ETF filings by Fidelity, Invesco, and Galaxy fuel projections of $400–$500 price targets.å
Solana (SOL) rose by over 6% in the past 24 hours after Hong Kong-based MemeStrategy announced its acquisition of 2,440 SOL tokens. The purchase, valued at approximately HKD 2.9 million (about USD 370,000), marks the first known Solana reserve held by a publicly listed company. MemeStrategy disclosed the investment in an official statement on June 16, 2025.
The development occurred amid growing interest in Solana from institutional investors. Following the announcement, MemeStrategy’s stock surged over 28% on the Hong Kong Stock Exchange, reflecting investor response to the company’s crypto-focused move.
MemeStrategy Expands Treasury with Solana Purchase
MemeStrategy confirmed that it had acquired 2,440 SOL through OSL Group, a licensed digital asset platform in Hong Kong. This acquisition forms part of the company’s strategy to hold digital assets in its corporate treasury.
According to the company, this move supports its broader focus on blockchain technology, AI infrastructure, and Web3 development. CEO Ray Chan stated, “Our strategic acquisition of 2,440 Solana units reflects our strong confidence in the long-term potential of this cryptocurrency.”
The company also said that it intends to participate in Solana’s Proof-of-Stake network. It aims to support the network’s security and consensus while earning staking rewards in return.
Regulatory Context in Hong Kong Remains Unclear
The announcement arrives amid a lack of clear regulatory guidelines for cryptocurrencies in Hong Kong. The region does not yet have a full framework for crypto asset holdings by public companies. However, the Securities and Futures Commission (SFC) continues to oversee digital assets that resemble traditional securities.
Because of the current situation, corporate investments in crypto may need further compliance evaluation. Although there is support for blockchain development in the region, companies must proceed with caution.
Despite the regulatory uncertainty, Hong Kong remains active in the digital asset space. Licensed exchanges and growing institutional interest continue to influence local market behavior.
Institutional Interest in Solana Increases
The price of Solana reached $157 after MemeStrategy’s announcement, showing over 6% growth in a 24-hour period. Daily trading volume for SOL also increased by more than 100%, with the market cap now exceeding $82 billion.
Solana’s growing appeal is driven by recent ETF-related developments. Major firms such as Fidelity, Invesco, and Galaxy Digital have submitted applications for spot Solana ETFs. Analysts suggest this may attract more institutional capital.
According to data from CoinGlass, Solana futures open interest rose by over 10% and reached nearly $7 billion. Short liquidations totaled over $11 million, which contributed to the price rally.
Analysts Monitor Price Targets Amid ETF Expectations
Crypto analysts continue to track Solana’s price movement closely. One analyst, known as Old Hawk, stated that $187 is a critical level for SOL. If the price crosses this point, it could rise toward the previous all-time high of $263.
Old Hawk added, “If $263 is breached, we could easily enter price discovery.” This refers to a situation where a cryptocurrency surpasses historical price data.
The analyst also noted that the approval of a Solana ETF could push the token to new price levels. Some projections range between $400 and $500 by the end of the year, depending on market conditions.
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