MemeStrategy disclosed that it has spent HK$2.4 million to purchase 2,440 SOL tokens, bringing its total holdings to 12,290 tokens.
AI Summary1 min read
TL;DR
MemeStrategy spent HK$2.4 million to buy 2,440 SOL tokens, increasing total holdings to 12,290 tokens. The company plans to stake its SOL using a dedicated validator to earn rewards and create new income.
Tags
MemeStrategySOL tokensHong Kong Stock Exchangecryptocurrency investmentstaking rewards
According to a Hong Kong Stock Exchange announcement, MemeStrategy disclosed that it has spent HK$2.4 million to purchase an additional 2,440 SOL tokens on the open market. The funds used for the purchase came from the group's existing cash reserves. As of now, the company holds a total of 12,290 SOL tokens, with a purchase cost of approximately HK$14.9 million. Furthermore, MemeStrategy stated that it will use its dedicated Solana validator to stake its SOL holdings to generate returns through staking rewards and create a new source of income.