I stumbled upon a late-night discovery: 9GAG, the popular meme platform, acquired Hong Kong-listed firm Howkingtech while planning to use it as the base to transform into MemeStrategy. The company plans to change its name to MemeStrategy for its expansion into Bitcoin operations, Web3, and Artificial Intelligence projects. My inner crypto nerd’s buzzing.
The genius behind 9GAG is Ray Chan, who serves as the co-founder of the renowned platform. If CJK-Tech International buys all the share options, according to Hong Kong Exchanges registration documentation, the new CEO would receive HK$79,649,599—equivalent to $10.2 million. The stock? It’s up 3.5% already, says Yahoo Finance. Not bad for a meme site’s big swing.
The executive believes public company transparency creates the ideal conditions to boost trust and value in Web3 and its projects. He intends to connect Bitcoin with traditional financial structures to position Hong Kong as a crypto center. I’m nodding along; it’s bold.
From Memes to Millions: The MemeStrategy Pivot
So, what’s the game plan? Chan focuses on implementing “MemeStrategy” to accumulate Bitcoin ($85,800 per CoinGecko), Web3 ventures, and decentralized technology, as reported by The Standard. According to their April 1 PR Newswire release, the company will secure both Bitcoin and “high-potential virtual assets” for long-term growth.
9GAG operates with the backing of 200 million users across multiple platforms who have granted it market visibility. The combination of Howkingtech’s IoT capabilities and upcoming AI and blockchain solutions, alongside a “Creator Economy 4.0” strategy, aims to enhance IP value. The latest XRP price increase to $6 marked my previous prediction, but this new crypto market movement stands apart from previous patterns.
Bitcoin’s the star, though. Eric Trump’s speech, in which he expressed Bitcoin as the best store of value, strengthens this market trend because BTC’s popularity soars right now. MemeStrategy continues to invest strongly in Bitcoin, as they believe this decision will move Hong Kong closer toward becoming a “virtual asset hub.”
Hong Kong’s Web3 Glow-Up: Risk or Reward?
Why Hong Kong? The Hong Kong exchange has embraced a global approach towards web3 while introducing stablecoin regulations, and the HKD-pegged Animoca Brands’ coin launched in February, as per Cryptonomist. The IPO announcement from Circle confirms that cryptocurrencies are moving toward financial institution alliances, and 9GAG plans to join this movement.
Howkingtech stock continues rising as Bitcoin maintains its position at around $ 85 K. But what are the risks? Yep. History tells us Trump’s “Dirty 15” tariff decisions could shake worldwide financial systems, while Web3 maintains its uncertain nature because of its volatility. Shareholder approval is a necessary condition before the company can change its name to MemeStrategy.
For now, I drink coffee while thinking about the implications of their decision. The meme website is a crypto contender, showing insanity and strategic intelligence. The BTC market expects this move to bring about price appreciation but remains open to the possibility of future devaluation. This choice looks favorable since Hong Kong’s interests are strong in this direction. What do you think about the forthcoming move of 9GAG?
