The post Mi Strategy Acquires 2,440 Solana, Boosts Stock 21% – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Mi Strategy acquires 2,440 Solana tokens. 21% rise in Mi Strategy’s stock post-acquisition. Solana’s potential increase in institutional interest. Hong Kong-listed Mi Strategy announced on June 16, 2025, the acquisition of 2,440 Solana tokens. The transaction, valued at approximately HKD 2.91 million, was funded internally. Mi Strategy’s acquisition underscores growing institutional interest in Solana, symbolized by a subsequent 21% rise in company stock, trading at HKD 2.42 per share. 21% Stock Surge Following Solana Purchase Mi Strategy, recently rebranded as MEMESTRATEGY (HK2440), announced the acquisition of 2,440 Solana tokens. This action reflects a strategic shift in their focus, emphasizing cryptocurrency and Web3 projects. The announcement highlighted Solana’s pivotal role in decentralized applications and DeFi infrastructure. Following the acquisition, Mi Strategy’s stock saw a notable increase of approximately 21%, strongly indicating positive market reception. This purchase utilizes internal resources, signaling financial capability without relying on external investments. However, there have been no significant public reactions or comments from government bodies or Solana’s core community to this acquisition. The SEC filing provides registration and development insights critical to understanding this movement within the market. Similarly, no formal statements from Mi Strategy executives were found on prominent platforms, including Twitter or LinkedIn. Solana’s Growing Role in Institutional Investments Did you know? In recent years, many public companies have treated Solana acquisitions similarly to Bitcoin, indicating its rising importance among institutional investors. CoinMarketCap reports Solana (SOL) currently trades at $156.63 with a market cap of $82.66 billion, dominating 2.49% of the market. Over 24 hours, trading volume reached $4.47 billion. Recent price changes show a rise by 6.29% in 24 hours and 25.95% over 90 days. Solana(SOL), daily chart, screenshot on CoinMarketCap at 06:14 UTC on June 16, 2025. Source: CoinMarketCap The Coincu research team suggests that the institutional focus on Solana,…

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Filed under: News - @ June 16, 2025 6:22 am