Hold On! MemeStrategy’s Stock Skyrockets 28% with SOL – What Happens Next?

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  • MemeStrategy is the first Hong Kong company to get cozy with SOL treasury
  • And wowza, its stock shot up by 28% right after – isn’t that just magic?

In a move that shocked absolutely no one who’s been paying attention, MemeStrategy, a Hong Kong-based company, proudly announced that it had snagged 2,440 SOL worth around $372k (or HKD 2.9M). Yes, they’ve officially jumped on the Solana (SOL) bandwagon. 🎉

Ray Chan, the ever-confident chairman of MemeStrategy, had a few words to say about it:

“Solana is a top-tier blockchain project with a buffet of uses – from decentralized platforms to AI-driven Web3 wizardry. It’s practically magic.”

The company didn’t stop there. They were quick to point out that SOL isn’t just a pretty face—it has utility! Its ability to earn staking rewards makes it an irresistible choice for their treasury diversification. Yawn, who wouldn’t want those rewards?

Solana’s Treasury Mayhem – Who’s Next?!

After this earth-shattering announcement, MemeStrategy’s stock went *zooming* up by 28%, closing Monday at a solid $0.33 – up from a measly $0.25. The question is: will there be more gains, or is this a flash in the pan? 🤔

2025 is all about treasury companies, and they’re crushing it compared to last year’s memecoin mania. Public companies, not just your average crypto fans, are snapping up Bitcoin, Ethereum, Solana, and even some Hyperliquid [HYPE] to boost shareholder value. No big deal, right?

Remember MicroStrategy (now just Strategy) and Metaplanet? Well, they’ve been raking in *ridiculous* returns, with nearly 100x shareholder returns since adopting BTC. Yes, 100 times your money. Pretty sweet deal if you ask me. 🙌

Meanwhile, over on the ETH side, Sharplink Gaming (SBET) is playing it cool with their massive stash of 176k ETH. They’re not the only ones—$3. million ETH has been scooped up by companies like it’s a Black Friday sale. 🛍️

For Solana, DeFi Development Corp (DFDV) has been buying up SOL like it’s going out of style, amassing a jaw-dropping 609,092 SOL. No wonder their stock skyrocketed by over 4000%. It’s like they found a cheat code for success. 🤯

And let’s not forget about the Canadian pioneers in the field, SOL Strategies, who hold a whopping 420.7k SOL. Take that, everyone else! 🍁

Of course, these companies aren’t just hoping for price hikes—they’re also earning those sweet staking rewards, with roughly 7% returns per year. Talk about a passive income dream! 💸

Now, according to investment banking firm Cantor Fitzgerald (fancy, right?), SOL is looking even more attractive than BTC thanks to its DeFi perks and staking potential. They’re predicting that SOL-focused companies might just be the future of finance, so buckle up! 💥

“We’re betting on the future of finance being on-chain, and that chain will be Solana. Get on board or get left behind!”

But before we all get too excited, there’s a slight hiccup. While everyone’s jumping on the Solana bandwagon, there’s been a noticeable outflow of capital. Glassnode has revealed that SOL’s Realized Cap has dropped by a rather concerning 4%, while BTC and ETH are still strutting their stuff with positive returns. It’s like the SOL train hit a little bump in the road. 🚂💨

At the time of writing, SOL is valued at $156. A far cry from its once majestic highs. Could this mean short-term pain for Solana fans? Time will tell…⏳

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2025-06-17 11:10