Fitell completes initial $10M Solana purchase

Fitell (FTEL) announced its initial acquisition of 46,144 Solana for approximately $10M, 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.”