Fitell Corp Commits $100M to Solana Treasury Strategy – Can SOL Reach $300?

Australian fitness company Fitell Corporation has secured a $100 million credit line for its new Solana treasury strategy, with plans to rebrand as ‘Solana Australia Corporation’. According to a September 24 press release , Fitell is pioneering a new approach by becoming Australia’s first Nasdaq-listed institutional holder of ￰2￱ Nasdaq listed firm with a Solana treasury. Structure, transparency, and scalable yield, this is how we design tomorrow’s treasuries. Australia’s first → Solana’s next chapter. ￰0￱ — Fitell Corporation (@FitellCorp) September 24, 2025 The company will generate returns not only through staking but also through DeFi opportunities, risk management frameworks, and yield innovations.

Australia’s First $100M Solana Treasury Goes Live The Solana treasury strategy includes structured products, including options, snowballs, on-chain liquidity provisioning, and other highly liquid approaches with managed downside ￰3￱ has brought on David Swaney and Cailen Sullivan as advisors to guide the company’s digital asset treasury ￰4￱ Swaney has been operating in the digital asset sector since 2017, focusing on institutional adoption of on-chain ￰5￱ broad advisory and consulting background covers treasury design, structured yield strategies, and market ￰6￱ Sullivan has worked in the digital asset sector for over a decade and joined Coinbase as an early employee in ￰7￱ currently focuses on investing in and supporting projects across the Solana ecosystem, serving as co-founder of Adrena, one of Solana’s leading perpetual DEXs by trading ￰8￱ Lu, Chief Executive Officer of Fitell Corporation, stated that “ the launch of our Solana digital asset treasury places Fitell at the forefront of Solana adoption in Australia and the Asia Pacific region. ” “ Our goal to become the region’s largest publicly listed Solana holder demonstrates our confidence in the network’s long-term potential ,” he ￰9￱ has also initiated the process toward a dual listing on the Australian Securities Exchange (ASX), expanding access and exposure for regional investors to ￰10￱ SOL assets will be held with BitGo Trust Company, ￰11￱ the ￰12￱ staked through institutional-grade ￰13￱ Treasury Strategy Adoption Accelerates Solana treasury companies are rapidly expanding their holdings, with total reserves reaching 13.44 million SOL ($2.86 billion) , as institutional interest in the network continues to ￰14￱ September 23, Brera Holdings (NASDAQ: BREA) completed an oversubscribed $300 million PIPE led by the UAE’s Pulsar Group alongside Ark Invest, RockawayX, and UAE investors to purchase SOL for its digital asset ￰15￱ September 15, Helius Medical Technologies secured $500 million in funding, led by Pantera Capital, to establish a Solana treasury focused on acquiring ￰16￱ Medical raises $500M backed by Pantera Capital for $1.25B Solana treasury with stock surging 159% after announcement. #Solana #Treasury ￰1￱ — ￰17￱ (@cryptonews) September 15, 2025 Forward Industries, a Nasdaq-listed company, recently pivoted from medical design to digital assets and filed for a $4 billion at-the-market (ATM) equity program to raise capital for its Solana-focused ￰18￱ the leading Solana treasury strategy firm, Forward Industries has accumulated over 6.8 million Solana (SOL) tokens valued at approximately $1.58 billion.