9GAG founder's MemeStrategy gains 29% after first Solana buy

INSUBCONTINENT EXCLUSIVE:
Shares in tech investment firm MemeStrategy soared 28.5% after becoming the first publicly listed company in Hong Kong to invest in Solana,
snapping up 2,440 coins and committing to support the broader Solana ecosystem.MemeStrategy said in a statement on Monday that it purchased
2,440 Solana (SOL) for around 2.9 million Hong Kong dollars ($368,820) through OSL Group, a crypto asset platform licensed by the Hong Kong
Securities and Futures Commission.Source: CointelegraphMemeStrategy commits to Solana long termThe transaction, executed at an average SOL
Solana purchaseMemeStrategy (2440.HK) shares rose 28.5% on the Hong Kong Stock Exchange on Monday to $2.57 and have increased to $2.70 in
managed by 9GAG, a meme platform that has over 200 million users, and is leveraging its social media and Web3 expertise to strategically
invest in AI, blockchain and culture.Cantor Fitzgerald praises SolanaCompanies looking to invest in Solana may benefit from increased use of
Upexi and DeFi Development Corp have massively outpaced SOL since April 16, increasing 306% and 207% while SOL has increased 19% over that
same time frame.Sol Strategies, another Solana treasury firm, is also up 33%.Magazine:Older investors are risking everything for a
crypto-funded retirement