Lates News

Fitness equipment supplier Fitell Corporation (Nasdaq: FTEL) announced that it has secured a financing amount of up to $100 million to support the launch of its Solana treasury strategy. This will be Australia's first digital asset treasury based on Solana. The company plans to deploy SOL assets in diversified on-chain DeFi and derivative strategies to generate excess returns. The strategies include structured products (such as options, snowball products), on-chain liquidity provision, and other high liquidity, downside risk-controlled strategies. The generated returns will flow back into the treasury reserve to further accelerate the accumulation of SOL holdings per share, and strengthen alignment with the Solana community's interests.