🔥 9GAG Founder’s MemeStrategy Gains 29% After First Solana Buy 🚀

Ray Chan—co-founder of viral platform 9GAG—has made a splash in crypto again: his newly listed vehicle, MemeStrategy, has surged 29% following its debut purchase of 2,440 SOL ($Solana) on June 16, 2025. The company used internal treasury funds to execute the buy, stirring excitement and buzz in the market.

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🚀 What Is MemeStrategy?

• Acquisition & Vision: Chan acquired a controlling stake in Hong Kong‑listed Howkingtech International Holdings, which is set to be renamed “MemeStrategy.” The aim: to spearhead Asia’s first publicly traded virtual-asset ecosystem blending AI, blockchain, and content creation.

• Strategic Mandate: Positioned similarly to MicroStrategy’s Bitcoin‑reserve model, MemeStrategy plans to hold crypto assets long-term and fund Web3 + AI startup ventures.

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📈 Solana Buy: Catalyst for 29% Surge

• On June 16, MemeStrategy bought 2,440 SOL using company treasury funds—marking a strategic pivot from Bitcoin-only exposure.

• Market reacted positively: the stock soared 29% post-announcement, reflecting strong investor confidence in their diversified crypto approach.

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🔍 Why SOL?

• Ecosystem Growth: Solana boasts rapid DeFi & NFT expansion, offering a broader diversification compared to Bitcoin.

• Market Signal: By entering SOL, MemeStrategy signals openness to Layer‑1 upside, expanding beyond BTC-centric treasury models.

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⚠️ Risks & Considerations

1. Market Volatility: SOL carries higher volatility than BTC. While recent gains are enticing, the same volatility could work in reverse.

2. Execution Risk: MemeStrategy is new in public markets, undergoing rebranding and shifting strategies—execution risk remains.

3. Regulatory Ambiguity: Hong Kong’s evolving crypto frameworks could impact corporate treasury models like this.

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🧭 What’s Next?

• Look out for additional assets being added—maybe other Layer‑1s, stablecoins, or even crypto‑equities.

• Watch for on‑chain or startup investments as the company evolves its AI + blockchain roadmap.

• Monitor regulatory updates in Hong Kong, which could shape their ability to operate and expand.

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💬 Share Your Thoughts

Is including SOL a smart diversification for MemeStrategy—or a risky detour?

Would you consider investing in a crypto‑treasury public company like this?

  1. What other coins or strategies would make sense for MemeStrategy’s next move?

Let’s discuss 👇

#CryptoNews #MemeStrategy #Solana #Web3

$SOL $BTC