Fitell Corporation Initiates Solana Treasury Strategy with $10 Million Purchase

Fitell Corporation ( (FTEL) ) has provided an update.

On September 24, 2025, Fitell Corporation announced its initial purchase of 46,144 Solana (SOL) for approximately $10 million, marking the first strategic acquisition under its Solana treasury initiative. This purchase follows the first closing under a $100 million financing facility, with plans to allocate a significant portion of the proceeds to further SOL acquisitions, aiming to enhance staking revenue and shareholder value. The initiative demonstrates Fitell’s commitment to expanding its cryptocurrency holdings and strengthening its financial strategy.

Spark’s Take on FTEL Stock

According to Spark, TipRanks’ AI Analyst, FTEL is a Neutral.

Fitell Corporation’s stock is currently rated low due to significant financial performance challenges, including declining revenues and profitability, negative returns, and cash flow issues. Technical analysis indicates a strong bearish trend with oversold conditions, while valuation metrics show a negative P/E ratio, suggesting poor earnings potential. These factors contribute to an overall unfavorable investment outlook.

To see Spark’s full report on FTEL stock, click here.

More about Fitell Corporation

Fitell Corporation, through its wholly owned subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia. The company offers products under its proprietary brands and other brand names, focusing on creating a comprehensive fitness and wellness ecosystem powered by technology. Fitell has served over 100,000 customers with a significant portion of sales from repeat customers, and its brand portfolio includes Muscle Motion, Rapid Motion, and FleetX under the Gym Direct brand.

Average Trading Volume: 81,194

Technical Sentiment Signal: Sell

For an in-depth examination of FTEL stock, go to TipRanks’ Overview page.