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

Australian health firm Fitell Corporation has secured a $100 million credit score line for its new Solana treasury technique, with plans to rebrand as ‘Solana Australia Corporation’.

According to a September 24 press release, Fitell is pioneering a brand new method by changing into Australia’s first Nasdaq-listed institutional holder of Solana.

First Nasdaq listed agency with a Solana treasury.

Structure, transparency, and scalable yield, that is how we design tomorrow’s treasuries.

Australia’s first → Solana’s subsequent chapter. https://t.co/Bm3Qdu64We

— Fitell Corporation (@FitellCorp) September 24, 2025

The firm will generate returns not solely by means of staking but additionally by means of DeFi alternatives, threat administration frameworks, and yield improvements.

Australia’s First $100M Solana Treasury Goes Live

The Solana treasury technique consists of structured merchandise, together with choices, snowballs, on-chain liquidity provisioning, and different extremely liquid approaches with managed draw back threat.

Fitell has introduced on David Swaney and Cailen Sullivan as advisors to information the corporate’s digital asset treasury roadmap.

David Swaney has been working within the digital asset sector since 2017, specializing in institutional adoption of on-chain finance.

His broad advisory and consulting background covers treasury design, structured yield methods, and market infrastructure.

Cailen Sullivan has labored within the digital asset sector for over a decade and joined Coinbase as an early worker in 2013.

He at the moment focuses on investing in and supporting tasks throughout the Solana ecosystem, serving as co-founder of Adrena, one in every of Solana’s main perpetual DEXs by buying and selling quantity.

Sam Lu, Chief Executive Officer of Fitell Corporation, acknowledged that “the launch of our Solana digital asset treasury locations Fitell on the forefront of Solana adoption in Australia and the Asia Pacific area.”

“Our aim to develop into the area’s largest publicly listed Solana holder demonstrates our confidence within the community’s long-term potential,” he added.

Fitell has additionally initiated the method towards a twin itemizing on the Australian Securities Exchange (ASX), increasing entry and publicity for regional traders to SOL.

Initial SOL belongings will probably be held with BitGo Trust Company, Inc. within the U.S. and staked by means of institutional-grade infrastructure.

Solana Treasury Strategy Adoption Accelerates

Solana treasury corporations are quickly increasing their holdings, with complete reserves reaching 13.44 million SOL ($2.86 billion), as institutional curiosity within the community continues to develop.

On September 23, Brera Holdings (NASDAQ: BREA) accomplished an oversubscribed $300 million PIPE led by the UAE’s Pulsar Group alongside Ark Invest, RockawayX, and UAE traders to buy SOL for its digital asset treasury.

On September 15, Helius Medical Technologies secured $500 million in funding, led by Pantera Capital, to set up a Solana treasury targeted on buying SOL.

Helius Medical raises $500M backed by Pantera Capital for $1.25B Solana treasury with inventory surging 159% after announcement.#Solana #Treasuryhttps://t.co/xG4c9AN0dF

— Cryptonews.com (@cryptonews) September 15, 2025

Forward Industries, a Nasdaq-listed firm, not too long ago pivoted from medical design to digital belongings and filed for a $4 billion at-the-market (ATM) equity program to increase capital for its Solana-focused technique.

As the main Solana treasury technique agency, Forward Industries has amassed over 6.8 million Solana (SOL) tokens valued at roughly $1.58 billion.

Other corporations, together with BIT Mining and Upexi Inc., are additionally constructing their Solana portfolios.

BIT Mining Chairman and COO Bo Yu noted that many Nasdaq-listed corporations are starting to acknowledge the worth of strengthening their presence throughout the Solana ecosystem.

Technical Analysis Points to SOL $300 Target

These institutional acquisitions are prompting analysts to challenge that SOL may attain $300 earlier than year-end.

Chart analyst Ali Martinez has identified a TD Sequential pattern indicating a double purchase sign on SOL with a near-term goal of $250.

On the technical entrance, the SOL/USDT 4-hour chart reveals a transparent upward channel that has guided value motion since early August, with a number of rejections close to the resistance zone round $250.

After breaking out of a chronic vary, Solana rallied strongly however failed to preserve momentum on the high, forming a double rejection close to the resistance stage.

The current decline has pushed the worth again towards the confluence space round $208, the place upward channel assist and the downward trendline intersect.

This zone is crucial. If Solana holds right here, a rebound towards $230 and probably $250 stays attainable, holding the bullish construction intact.

However, a decisive break under $208 would expose the subsequent assist at $185, with deeper threat towards $162 if promoting stress intensifies.

Currently, the chart suggests a short-term pullback into the confluence space earlier than any restoration try.

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