Fitell Corporation Completes Initial $10 million Solana (SOL) Purchase Following the First Closing under $100M Financing Facility
Fitell Corporation - Class A Ordinary Shares (FTEL)
Company Research
Source: GlobeNewswire
Taren Point, Australia, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“FTEL” or the “Company”), today announced its initial acquisition of 46,144 Solana (SOL) for approximately $10 million, marking the first strategic purchase under the Company’s previously announced Solana treasury initiative. “This initial $10 million purchase, in one day following our $100 million financing announcement, manifests FTEL’s execution and commitment to our newly launched Solana treasury strategy” said Sam Lu, Chief Executive Officer of FTEL. “With committed institutional support, we look forward to expanding our SOL position, in addition to growing staking revenue, and drive long-term value for shareholders.” The SOL purchase follows the first closing under the Company’s $100 million facility. FTEL intends to make additional SOL purchases using a significant portion of net proceeds from the first closing. Under the terms of the facility, at least 70% of the net proceeds from
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FTEL
News
- Fitell Corporation Announces Interim Dividend and Shareholder Loyalty ProgramGlobeNewswire
- Fitell Corporation Announces $3 Million Share Repurchase ProgramGlobeNewswire
- Fitell (NASDAQ:FTEL) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=FTEL&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> froMarketBeat
- Fitell Corporation Announces Fiscal Year 2025 ResultsGlobeNewswire
- Fitell (NASDAQ:FTEL) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=FTEL&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> to MarketBeat
FTEL
Sec Filings
- 12/4/25 - Form 6-K/A
- 12/2/25 - Form 6-K
- 12/1/25 - Form 6-K
- FTEL's page on the SEC website