New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

9GAG founder’s new “MemeStrategy” firm will buy Bitcoin for reserves, jailed Bithumb CEO paid $3.5M in salary and bonuses. Asia Express

The creator of meme culture pioneer 9GAG is diving headfirst into Bitcoin and blockchain, acquiring a publicly listed Hong Kong company with plans to turn it into a crypto and AI venture.

Ray Chan, co-founder of 9GAG, has acquired a controlling stake in Howkingtech International Holdings Limited and plans to convert the company into a Web3 outfit.

Chan has proposed renaming the firm to MemeStrategy, a nod to MicroStrategy (now Strategy), which popularized the corporate Bitcoin accumulation playbook. He will serve as chairman and CEO, pending shareholder approval, and several members of the 9GAG team have joined the board.