MEMESTRATEGY (02440) saw a rise of over 7% in morning trading. As of press time, the stock was up 7.19% to HK$1.79, with a turnover of HK$5.2733 million.
On the news front, on May 11, MEMESTRATEGY announced that the board is pleased to provide its shareholders and potential investors with a further business update regarding the Trading Card Fund I (Pikachu With Grey Felt Hat) LPF. The fund has successfully completed its capital raise, with EVIDENT Platform Services Limited (EVIDENT) becoming its first limited partner.
The fund's tokens have been successfully issued through EVIDENT, a licensed alternative asset digital investment platform by Hong Kong's Securities and Futures Commission (SFC). These tokens represent the economic interests linked to EVIDENT's partnership stake in the fund. According to information from EVIDENT, the token offering was oversubscribed, reflecting strong interest from institutional and professional investors.
The fund focuses on investing in PSA-graded 10 "Pikachu with Grey Felt Hat" collectible cards. This card is a collaborative masterpiece between The Pokémon Company and the Van Gogh Museum in Amsterdam. Its design is inspired by Van Gogh's self-portrait "Self-Portrait with Grey Felt Hat," combining artistic elements with a widely recognized cultural brand.