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MemeStrategy Deepens Solana Bet to Power IoT-Blockchain Expansion

Story Highlights
  • MemeStrategy has increased its Solana holdings to 14,730 units worth around HK$17.3 million.
  • The new Solana investment underpins its strategy to run validators and expand IoT data solutions into blockchain.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MemeStrategy Deepens Solana Bet to Power IoT-Blockchain Expansion

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The latest update is out from Howkingtech International Holding Limited ( (HK:2440) ).

MemeStrategy, Inc. has expanded its exposure to the Solana blockchain ecosystem by purchasing an additional 2,440 units of the Solana cryptocurrency for approximately HK$2.4 million, bringing its total holdings to 14,730 units valued at about HK$17.3 million. Funded with proceeds from recent share subscriptions, the investment is intended to support the company’s strategy of integrating blockchain technology into its data management services, including operating proprietary Solana validators to enhance network security, generate staking yield, and strengthen its positioning as an “IoT-meets-blockchain” solution provider, which the board believes is in the interests of shareholders and aligned with its long-term expansion plans.

More about Howkingtech International Holding Limited

MemeStrategy, Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates in the technology sector with a focus on data management solutions. The Group develops hardware and software for Internet of Things (IoT) and telecommunications, and is actively expanding into blockchain-based solutions and tokenized real-world assets, including cultural and intellectual property.

Average Trading Volume: 530,810

Technical Sentiment Signal: Sell

Current Market Cap: HK$747M

Find detailed analytics on 2440 stock on TipRanks’ Stock Analysis page.

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