Fitell Corporation announced on September 23, 2025, the launch of its Solana digital asset treasury strategy, supported by a financing facility of up to $100 million. The company aims to become the largest publicly listed holder of Solana (SOL) based in Australia.
David Swaney and Cailen Sullivan have been appointed as advisors to lead this digital asset treasury roadmap. Their mandate includes designing strategies to optimize treasury performance through decentralized finance (DeFi) opportunities, risk management frameworks, and yield innovation beyond traditional staking models.
The initial phase of this strategy involves immediately deploying $10 million from the first closing of the financing facility to purchase SOL. This move positions Fitell at the forefront of Solana adoption in the Australia and Asia Pacific regions, integrating blockchain into its operational and consumer-facing platforms.
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