Memestrategy, a company listed on the Hong Kong Stock Exchange, has announced that it has begun investing in Solana (SoL). The company reportedly purchased 2,440 SOL (approximately $369,428.97), worth HKD 2.9 million. This step is a major achievement in the crypto market. This is the first case of a public company in Hong Kong, investing in SoL. According to a statement from the company, “We will strengthen our position in the virtual assets sector through Solana’s accumulation strategy.”
Solana meets in public company purchases
Sol appears to have enjoyed a considerable number of meetings amid Memestrategy’s recent investment. The asset is currently the most performant cryptocurrency of the top 10 projects by market capitalization.
SOL has grown by 7.9% on daily charts, 3.1% on weekly charts, 0.6% on 14-day charts, and 8.5% since June 2024. Meanwhile, Bitcoin (BTC) rose 1.9% on its daily charts and 0.4% last week.
The latest market rally offers much-needed relief for crypto investors. The price of BTC fell to $100,000 earlier this month. The BTC revision has resulted in a larger market experiencing dip. The amendments may be due to a decrease in institutional influx. The Israeli-Iran conflict has introduced additional volatility to the market. The market seems to be stable at the moment. SOL and other cryptocurrencies are trading in the Green Zone on Monday, June 16th, 2025.
Will the meeting continue?
Solana (Sol)’s latest upswing could be due to increased investor confidence after Memestrategy Investment. As sentiment cools down, price adjustments may be seen.
It appears that the crypto market is on its way home. Despite the turnaround, there are still many reasons to cover. Sol is below the level in January. This year, there were some of the highest BTC ever highs. No similar trends have been observed in other assets.
If the market is bullish, Solana can continue the rally.
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