The shares of the Tech investment company Memestrategy rose by 28.5%after investing the primary publicly listed company in Hong Kong in Solana, distributing 2,440 coins and committed to supporting the broader Solana ecosystem.
In a press release on Monday, Memestrategy announced that it bought a 2,440 Solana (SOL) for around 2.9 million Hong Kong dollars (368,820 US dollars) via OSL Group.
Source: cointelegraph
Memestrategy commits to Solana in the long run
The transaction, which is carried out at a mean SOL price of around $ 151.70, is a component of Memestrategy's plan to expand its presence within the Solana ecosystem, including participation in Solanas Proof-of-Stake architecture, to contribute to network security and at the identical time receive the reward.
Memestrategy, Asia's first publicly listed digital asset enterprise, said that his board had recognized Solana's potential in real asset toking and AI-controlled web3 solutions.
“This investment agrees closely with our deal with AI, blockchain, validation technologies and tech development of the following generation and characterizes considerable progress within the expansion of Memestrategy in digital assets and the web3 ecosystem.”
Memestrategy shares increase on Solana -buy
The stocks from Memestrategy (2440.hk) rose by 28.5% to $ 28.57 to $ 28.5% on Monday and rose to $ 2.70 on Tuesday, as Google Finance data show.
The increase available in the market capitalization of MEMESTRIGNY proves to 652.55 million US dollar Hong Kong dollar (83.1 million US dollars).
Memestrategy is managed by 9GAG, a meme platform with over 200 million users, and uses the expertise for social media and web3 to strategically put money into AI, blockchain and culture.
Cantor Fitzgerald praises Solana
Companies that want to take a position in Solana can profit from increasing use of the coin within the financial industry, an analyst by Cantor Fitzgerald wrote in a touch recently seen by Bloomberg.
Thomas Shinske from Cantor said that Solanas may very well be well suited to tokenized securities and that firms could support network security and at the identical time earn rewards.
“With increased liquidity that makes it easier to get capital [Net Asset Value]Buy SOL and increase SOL-PER-SHARE, ”said Shinske.
“The combination of sects with finance ministries should result in Solana Finance Minister Sol/Share grow faster than BTC finance events, the BTC/stock grow, and all the pieces else is similar.”
A Bloomberg diagram shows that Solana Treasury company Upexi and Defi Development Corp have massively exceeded since April 16 and have risen by 306% and 207%, while Sol rose by 19% in the identical period.
Sol strategies, one other company of Solana Treasury, also rose by 33%.
