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Publicly traded company Fitell Corporation has secured a $100 million funding round and will adopt the Solana Treasury strategy

2 hours ago

On September 23rd, Fitness equipment supplier Fitell Corporation (Nasdaq: FTEL) announced that it has obtained up to $100 million in funding to facilitate the launch of its Solana Treasury strategy. This will be the first Solana-based digital asset treasury in Australia. The company intends to deploy SOL assets in diversified on-chain DeFi and derivative strategies to achieve excess returns. The strategies encompass structured products (such as options, snowball products), on-chain liquidity provision, and other high-liquidity, downside-risk-controlled strategies. The generated returns will be channeled back into the treasury reserve, further expediting the accumulation of SOL, augmenting the per-share SOL holdings, and strengthening the alignment with the Solana community.
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