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

BlockBeats News, September 23, Fitness equipment supplier Fitell Corporation (Nasdaq: FTEL) announced that it has secured up to $100 million in funding to support the launch of its Solana Treasury strategy. This will be Australia's first Solana-based digital asset treasury.

The company plans to deploy SOL assets in diversified on-chain DeFi and derivative strategies to achieve 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, further accelerating the accumulation of SOL, increasing the per-share SOL holdings, and strengthening alignment with the Solana community.