Fitell (FTEL) Secures Up to $100M to Launch Australia’s First Solana (SOL) Treasury Strategy

Fitell Corporation (Nasdaq: FTEL) said it has secured up to $100 million to fund the launch of a Solana Treasury strategy, positioning the company to operate what it describes as Australia’s first Solana-based digital asset treasury. The capital raise is earmarked to deploy SOL into diversified on-chain DeFi and derivative strategies designed to pursue incremental returns while managing counterparty and liquidity risk.

Planned allocations include structured products such as options and snowball instruments, on-chain liquidity provision and other high-liquidity, downside risk-controlled approaches. Generated yield will be retained in the treasury reserve, accelerating SOL accumulation, increasing per-share SOL exposure and reinforcing Fitell’s alignment with the Solana community.