The coins were purchased at an average price of about 1191 Hong Kong dollar ($ 151) apiece through the OSL Group platform, which licensed the securities and futures of the Hong Kong (SFC). OSL became the first platform to approve the SFC.
The management of Memestrategy explained that by buying Solana via OSL, and not through unregulated platforms, the company positioned itself as a responsible player that complies the regulatory requirements. Earlier, Memestrategy was called Howking Technology International Holdings Limited. However, she recently rebranded against the backdrop of interest in blockchain and digital assets.
The chairman and general director of Memestrategy Ray Chan said that the acquisition of 2440 SOL speaks of the company’s firm confidence in the long -term potential of this cryptocurrency. The company bought SOL, as a wide range of applications is created on the basis of the SOLANA network: decentralized platforms, services for the tokenization of assets and Web3 solutions based on artificial intelligence. The SOLANA ecosystem has an active community of developers, users and representatives of large companies, Chan noted.
He noticed that Memestratrategy is not the only public company that included SOL cryptocurrency in its balance. Defi Development Corporation, Upexi and Classover also invested in SOL. In May, the Canadian company Sol Strategies bought 122,524 SOL coins totaling $ 18.25 million.
Earlier, the Vaneck top manager Matthew Sigel suggested that the USA exchange funds (ETF) tied to the SOLANA cryptocurrency should appear on the US market soon.
Source: Bits
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