Fitell Rebrands as Solana Australia to Lead APAC Digital Asset Charge

Fitell Corporation (NASDAQ: FTEL) has secured a $100 million convertible note facility to launch its Solana (SOL) digital asset treasury, positioning itself as the largest publicly listed holder of SOL in Australia Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility^[1]. The initiative, announced on September 23, 2025, aims to deploy SOL assets across a diversified suite of on-chain decentralized finance (DeFi) and derivatives strategies, including structured products, liquidity provisioning, and options trading. Returns generated will be reinvested to compound SOL accumulation, enhancing per-share value and aligning with the Solana ecosystem’s growth Fitell Corporation Targets Solana Leadership with $100M Digital Asset Treasury Launch^[2].

The company has appointed David Swaney and Cailen Sullivan as advisors to design treasury strategies focused on yield innovation and risk management beyond traditional staking models. Swaney, a digital asset expert since 2017, and Sullivan, a co-founder of Solana-based perpetuals DEX Adrena, emphasize leveraging institutional-grade infrastructure and active DeFi opportunities to generate “outsized returns” Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility^[1]. Sullivan noted the strategy’s focus on Solana’s ecosystem applications, aiming to set benchmarks for performance in digital asset management while supporting DeFi growth Fitell Corporation Targets Solana Leadership with $100M Digital Asset Treasury Launch^[2].

To execute the plan, Fitell has secured initial custody of SOL assets with BitGo Trust Company and staked them through institutional-grade infrastructure. The $100 million facility, led by U.S.-based institutional investors, will see $10 million immediately deployed to purchase SOL. Rodman & Renshaw acted as the exclusive placement agent for the financing Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility^[1]. The company also plans to rebrand to “Solana Australia Corporation” and pursue a dual listing on the Australian Securities Exchange (ASX) to broaden regional investor access Fitell Corporation Targets Solana Leadership with $100M Digital Asset Treasury Launch^[2].

Fitell’s CEO, Sam Lu, highlighted the strategic importance of the move, stating it underscores the company’s “conviction in Solana’s long-term potential” and its leadership in the Asia Pacific region. The strategy combines innovation, yield generation, and disciplined risk management, supported by the expertise of Swaney and Sullivan Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility^[1]. The company will discuss the digital asset treasury during a live session on September 23, 2025, hosted on social media platforms Fitell Corporation Targets Solana Leadership with $100M Digital Asset Treasury Launch^[2].

The press release includes standard forward-looking statements, noting that actual results may differ materially from projections due to market and other conditions. Investors are encouraged to review the company’s SEC filings for further details Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility^[1].