Fitell Corporation (NASDAQ: FTEL) announced on September 23rd that it has received up to $100 million in financing to support the launch of its Solana treasury strategy. This will become Australia's first Solana-based digital asset vault.
The company plans to achieve excess returns by deploying SOL assets in a diversified on-chain DeFi and derivatives strategy. The strategy covers structured products (e.g., options, snowball products), on-chain liquidity provision, and other strategies with high liquidity and manageable downside risks. The resulting proceeds will flow back into the vault reserves, further accelerating the accumulation of SOL, increasing the number of SOL held per share, and strengthening the alignment of interests with the Solana community.
Listed company Fitell Corporation receives $100 million financing quota and will adopt Solana treasury strategy
2025-09-23 13:57:30
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