Group 1 - The core viewpoint of the article highlights a continued decline in cryptocurrency ETFs and related stocks, with significant drops in prices for various Bitcoin and Ethereum funds [1] - Bitcoin has fallen below $65,000, with a recent price of $64,680.2, while Ethereum has dropped over 11% to $1,919 [1] - The overall market sentiment has weakened due to forced liquidation of leveraged positions and pressure on risk assets, leading to a complete reversal of gains made since Trump's election victory [1] Group 2 - Marex's senior global market strategist, Ilan Solot, attributes the recent downturn to a correction in tech stocks, a rise in gold prices, increased overall risk aversion, and a reassessment of the valuation logic of crypto assets [1] - The decentralized prediction platform Polymarket indicates a bearish sentiment among investors, with an 82% implied probability that Bitcoin will drop to $65,000 this year, which is approximately 13% lower than the current price [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | | | | 狀態: | 新提交 | | --- | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | | 公司名稱: | 迷策略 | | | | | | | 呈交日期: | 2026年2月5日 | | | | | | | I. 法定/註冊股本變動 | | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | | 證券代號 (如上市) | 02440 | 說明 | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | 上月底結存 1,000,000,000 USD 0.01 USD 10,000,000 增加 / 減少 (-) 0 USD 本月底結存 1,000,000,000 USD 0.01 USD 10,000,000 本月底法定/註冊股本總額： USD 10,000,000 FF301 第 ...

Group 1: Insurance Sector - Insurance stocks are experiencing significant declines, with China Life (02628) down 3.75%, New China Life (01336) down 3.28%, and China Pacific Insurance (02601) down 2.74%. The government plans to issue approximately 200 billion yuan in special bonds to inject capital into major insurance companies, marking the first time this method will be used for insurance firms in China [1] Group 2: Logistics and Delivery - ZTO Express (02057) has seen an increase of over 2.3%. The company estimates that its total revenue for 2025 will be between 48.5 billion yuan and 50 billion yuan, representing a growth of approximately 9.5% to 12.9% compared to 44.2807 billion yuan in 2024 [1] Group 3: Biotechnology - Innovent Biologics (09969) has risen over 4%, with a current increase of 3.25%. The company anticipates achieving revenue of 2.37 billion yuan in 2025, a year-on-year growth of approximately 134%, and expects to turn a profit with a net profit of around 630 million yuan [1] Group 4: Coal Sector - Coal stocks are generally declining, with Yancoal Australia (03668) down 6.63%, Shougang Resources (00639) down 7.83%, and China Shenhua (01088) down 2.47%. This decline follows reports that the Indonesian government has proposed a production cut plan, leading to a 40% to 70% reduction in production quotas for major miners [2] Group 5: Medical Devices - GigaGen (02367) has increased over 8%, currently up 4.11%. The company recently announced that its "recombinant type I α1 collagen and sodium hyaluronate composite solution" has been approved as a medical device, marking a significant milestone as the first product of its kind for improving facial smoothness [2] Group 6: Semiconductor Sector - Semiconductor stocks are all declining, with Hua Hong Semiconductor (01347) down 5.91% and SMIC (00981) down 3.49%. This follows a significant drop in AMD's stock price by 17.31% after its fourth-quarter report indicated that while revenue exceeded expectations, the guidance for the first quarter was below market expectations [3] Group 7: Restaurant Sector - Restaurant stocks are performing well, with Yum China (09987) up 8.41% and Haidilao (06862) up 2.69%. The restaurant industry has shown signs of recovery, with retail sales in the sector growing by 3.8%, 3.2%, and 2.2% year-on-year in the last quarter of 2025, significantly outpacing overall retail growth [3] Group 8: Consumer Goods - Miniso (09896) has risen over 5.1% after announcing its partnership with the Central Radio and Television Station for the 2026 Spring Festival Gala. This collaboration is seen as a significant marketing move to elevate the brand's visibility in the mainstream market [4] Group 9: Gold Sector - Gold stocks are declining, with China Gold International (02099) down 6.8% and Zijin Mining (02899) down 6.29%. Recent volatility in the international gold market has been noted, with expectations that geopolitical tensions and liquidity easing by the Federal Reserve may drive gold prices higher [4] Group 10: Cryptocurrency - Cryptocurrency ETFs and related stocks are continuing to decline, with significant drops in prices, including Bitcoin falling below $72,000 for the first time in 15 months. The price has decreased by over 42% from its peak last October [5] Group 11: US Market Highlights - Boston Scientific (BSX.US) fell 17.59% after providing lower-than-expected guidance for fiscal year 2026. The company expects adjusted earnings per share to be between $3.43 and $3.49, slightly below analyst expectations [6] - Solar stocks surged, with Enphase Energy (ENPH.US) rising 38.6% following reports of interest from Elon Musk's teams in the Chinese solar supply chain [6]

Core Viewpoint - Cryptocurrency-related stocks experienced a decline, with Bitcoin dropping below $73,000, marking a significant downturn in the market [1] Group 1: Market Performance - Cryptocurrency stocks such as Meituan (02440) fell by 4.76% to HKD 1.6, Xunyi Technology (01647) decreased by 1.37% to HKD 0.072, and OK Blockchain (01499) dropped by 0.58% to HKD 0.17 [1] - Bitcoin's price decline is significant as it has fallen below the previous low set on April 7, 2025, after Trump's announcement of reciprocal tariffs [1] Group 2: Expert Predictions - Barry, known as a "big short," warned that further declines in Bitcoin's price could intensify the pressure on major holders' balance sheets, potentially leading to a widespread sell-off in the cryptocurrency ecosystem [1] - Alex Thorn, head of research at Galaxy, predicts that Bitcoin's downward trend may accelerate, potentially pushing the price below $60,000 [1] Group 3: Contributing Factors - The inability of Bitcoin to act as a hedge against currency devaluation during a surge in gold prices and the lack of recent catalysts are cited as reasons for the continued decline in Bitcoin's value [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 MemeStrategy, Inc. 迷策略 （於開曼群島註冊成立的有限公司） （股份代號：2440） 須予披露交易－SOLANA認沽期權協議 作為資產積累策略的一部分 (1)補充公告 (2)行使認沽期權 P = Ke^(-rT)N(-d2) - S₀N(-d₁) 其中： d₁ = [ln(S₀/K) + (r + σ²/2)T]/(σ√T) d2 = d₁ - σ√T 茲提述迷策略（「本公司」，連同其附屬公司統稱「本集團」）日期為二零二六年一月 十四日有關本集團訂立認沽期權協議的公告（「該公告」）。除另行界定外，本公告 所用詞彙與該公告所界定者具有相同涵義。 (1) 補充資料 本公司謹此向其股東及潛在投資者提供有關認沽期權協議的進一步資料。 認沽期權協議項下的具體期權溢價採用柏力克－舒爾斯(Black-Scholes)期權定價 模型釐 ...

Group 1 - The Hong Kong stock market saw a collective decline in cryptocurrency-related stocks, with Star Chain Group falling over 23%, OSL Group down over 10%, and OK Blockchain down over 7% [1] - Bitcoin dropped to a 10-month low of $74,546.46 [1] Group 2 - Star Chain Group (code: 00399) decreased by 23.53% to a latest price of $0.065, with a total market capitalization of $139 million [2] - OSL Group (code: 00863) fell by 10.44% to a price of $15.010, with a market cap of $11.927 billion [2] - OK Blockchain (code: 01499) declined by 7.61% to $0.170, with a market value of $91.3 million [2] - Other notable declines include Boyaa Interactive down 6.97%, New Fire Technology Holdings down 6.30%, and Guotai Junan International down 5.24% [2]

Group 1 - The cryptocurrency ETF and related stocks have experienced a decline, with notable drops in prices [1] - Jiashi Ethereum (03179.HK) fell by 16.39%, trading at 5.46 HKD [1] - Huaxia Ethereum (03046.HK) decreased by 16.09%, with a price of 5.425 HKD [1] - Huaxia Bitcoin (03042.HK) saw a decline of 6.87%, priced at 9.425 HKD [1] - Misstrategy (02440.HK) dropped by 4.95%, trading at 1.73 HKD [1]

Core Viewpoint - The company is optimizing its acquisition costs for Solana and strengthening its validator network through a series of put option agreements with QCP Trading, which is part of its strategic plan to expand into blockchain solutions [1][2] Group 1: Put Option Agreement - The company’s wholly-owned subsidiary, MemeStrategy Hong Kong Limited, entered into a series of over-the-counter Solana put option agreements with QCP Trading [1] - Under the agreements, the company sold put options allowing QCP to sell up to 43,500 units of Solana back to the company at a predetermined strike price by January 30, 2026 [1] - The total premium received for these options was 317 units of Solana, equivalent to approximately HKD 358,000 at the current market price [1] Group 2: Financial Implications - If all put options are exercised, the maximum total amount payable by the company would be approximately HKD 44.9 million, which will be covered by existing cash reserves [1] - The funds from the exercise will not include any remaining amounts from the company's rights issue but will include proceeds from the general authorization to subscribe for new shares [1] Group 3: Strategic Expansion - The company plans to integrate blockchain technology to enhance its existing data management solutions, including operating proprietary Solana validators and strategically accumulating Solana to support its "IoT-integrated blockchain" solutions [2] - The continued acquisition of Solana aligns with the company's strategic deployment and logical extension of its existing core data management business [2] - The board believes that a structured and disciplined approach to accumulating Solana is necessary to manage price risks and generate additional revenue [2]

Group 1 - The company, MemeStrategy, is expanding its strategy to include blockchain solutions and has made a strategic investment in Solana to optimize acquisition costs and strengthen its validator network [1] - A series of over-the-counter put option agreements have been established between MemeStrategy Hong Kong Limited and QCP Trading Pte. Ltd., allowing QCP the right to sell up to 43,500 units of Solana at a predetermined strike price [1] - The total premium received by the company for the options, settled in Solana, amounts to 317 units, equivalent to approximately HKD 358,000 at current market prices [1] Group 2 - The board believes that a structured and disciplined approach to accumulating Solana is necessary to manage price risk and generate additional income [2] - The put option strategy offers several key benefits, including managing market risk in a controlled and capital-efficient manner, systematically increasing Solana holdings in line with the validator expansion plan, and generating recurring income in the form of option premiums [2]

Group 1 - The company has announced an expansion plan into blockchain solutions and strategic investment in Solana, which is part of its strategy to optimize acquisition costs and strengthen its validator network sustainability [1] - The company’s wholly-owned subsidiary, MemeStrategy Hong Kong Limited (MSHK), has entered into a series of over-the-counter put option agreements with QCP Trading Pte. Ltd. (QCP) regarding Solana [1] - Under the put option agreement, MSHK sells put options to QCP, granting QCP the right to sell up to 43,500 units of Solana back to the company at a predetermined exercise price by January 30, 2026 [1] Group 2 - The company received a total option premium of 317 units of Solana, equivalent to approximately HKD 358,000 at the current market price [1] - If all put options are exercised, the maximum total amount payable by the company would be approximately HKD 44.9 million, which will be paid from existing cash reserves [1] - The board believes that a structured and disciplined approach to accumulating Solana is appropriate to manage price risk and generate additional income [2] Group 3 - The put option strategy provides several key benefits for the company: (1) managing market risk in a controlled and capital-efficient manner; (2) systematically increasing its Solana holdings in line with its validator expansion plan; and (3) generating recurring income in the form of option premiums settled in Solana, thereby reducing the average acquisition cost of Solana and enhancing the company's overall financial performance [2]