Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility, with Focus on Yield and On-Chain DeFi Innovation

[PRESS RELEASE – Taren Point, Australia, September 23rd, 2025, Chainwire]

Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”), a world supplier of health gear and well being options, immediately introduced it has secured an as much as $100M facility to help the launch of its Solana treasury technique, marking the primary Solana-based digital asset treasury in Australia.

Key Highlights

● DeFi and Yield Roadmap: Designed to generate outsized yields by deploying SOL property throughout a diversified suite of on-chain DeFi and derivatives methods. This contains structured merchandise corresponding to choices, snowballs, on-chain liquidity provisioning, and different extremely liquid methods with managed draw back threat. Each method provides various ranges of returns, alpha technology, and period. Returns generated can be reinvested into the treasury reserve, compounding the speed of SOL accumulation, rising SOL-per-share and strengthening alignment with the Solana neighborhood.

● Australian Dual Listing: Fitell has initiated steps towards a twin itemizing on the Australian Securities Exchange (ASX), broadening entry and publicity for regional buyers to SOL.

● Rebrand: Following the preliminary launch of the Solana treasury, the Company plans to rebrand to “Solana Australia Corporation”.

● Security: Initial SOL property can be custodied with BitGo Trust Company, Inc. within the U.S. and staked by way of institutional-grade infrastructure.

Digital Asset Treasury

Advisors Fitell has appointed David Swaney and Cailen Sullivan as advisors to steer the Company’s digital asset treasury roadmap. Their mandate focuses on designing methods to optimize treasury efficiency by way of decentralized finance (DeFi) alternatives, threat administration frameworks, and yield innovation past conventional staking fashions.

● David Swaney has been lively within the digital asset area since 2017, focusing on institutional adoption of on-chain finance. His in depth advisory and consulting expertise spans treasury design, structured yield methods, and market infrastructure.

● Cailen Sullivan has been lively within the digital asset area for over a decade and was an early rent at Coinbase in 2013. Recently, he has been primarily targeted on investing and supporting initiatives throughout the Solana ecosystem, and is a co-founder of Adrena, one of many main perpetuals DEXs on Solana primarily based on buying and selling quantity.

“We consider that digital asset treasuries are laying the blueprint for digital asset ETFs,” stated David Swaney. “The skill to generate yield on property past staking would be the defining differentiator, and we intend to steer this effort.”

“Our technique focuses not solely on Solana itself, however the broader ecosystem of functions being constructed on high. By deploying extra property on-chain, we intention to generate outsized returns, setting a brand new benchmark for efficiency in digital asset administration whereas supporting the expansion of DeFi functions on Solana,” stated Cailen Sullivan.

Both advisors commented: “As advisors, we’re excited to place this as essentially the most revolutionary Solana-aligned treasury available in the market. While scale varies amongst friends, our focus is worth creation by way of capital focus within the Solana ecosystem. By bringing property on-chain and integrating with native initiatives, we consider we are able to ship worth to shareholders whereas advancing the ecosystem. Our aim is to reveal that technique and alignment can rival scale and set a benchmark for Solananative treasuries.”

Sam Lu, Chief Executive Officer of Fitell Corporation, commented: “The launch of our Solana digital asset treasury positions Fitell on the forefront of Solana adoption within the areas of Australia and Asia Pacific. Our ambition to develop into the area’s largest publicly listed Solana holder underscores our conviction within the community’s long-term potential. With the experience of David Swaney and Cailen Sullivan, we’re excited to execute on a roadmap that mixes innovation, yield technology, and disciplined threat administration.” The Company will additional focus on its digital asset treasury immediately at 4:00 p.m. ET on September 23, 2025 throughout a reside session hosted on @MarioNawfal or @RoundtableSpace. To help preliminary SOL acquisitions, the Company has entered into an as much as $100M convertible notice facility with a U.S.-based institutional investor, of which $10M from the preliminary closing can be instantly deployed to buy SOL. Rodman & Renshaw acted as unique placement agent for the financing. The foregoing description doesn’t purport to be full and is certified in its entirety by reference to the complete textual content of the Company’s Report of Foreign Private Issuer on Form 6-Ok to be filed with the Securities and Exchange Commission on September 23, 2025.

About Fitell Corporation

Fitell Corporation, by way of GD Wellness Pty Ltd (“GD”), its wholly owned subsidiary, is an internet retailer of gymnasium and health gear each below its proprietary manufacturers and different model names in Australia. The firm’s mission is to construct an ecosystem with an entire health and wellness expertise powered by know-how to our prospects. GD has served over 100,000 prospects with giant parts of gross sales from repeat prospects through the years. The Company’s model portfolio will be categorized into three proprietary manufacturers below its Gym Direct model: Muscle Motion, Rapid Motion, and FleetX, in over 2,000 stock-keeping items (SKUs). For further info, please go to the Company’s web site at www.fitellcorp.com. Forward-Looking Statements This press launch accommodates “forward-looking statements” inside the that means of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made below the “secure harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements aside from statements of historic truth on this press launch are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties, together with market and different situations, and are primarily based on the Company’s present expectations and projections about future occasions that the Company believes could have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Investors can establish these forward-looking statements by phrases or phrases corresponding to “could,” “will,” “might,” “anticipate,” “anticipate,” “intention,” “estimate,” “intend,” “plan,” “consider,” “is/are prone to,” “suggest,” “potential,” “proceed” or related expressions. The Company undertakes no obligation to replace or revise publicly any forward-looking statements to mirror subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by regulation. Although the Company believes that the expectations expressed in these forward-looking statements are cheap, it can not guarantee you that such expectations will grow to be right, and the Company cautions buyers that precise outcomes could differ materially from the anticipated outcomes and encourages buyers to evaluation different elements that will have an effect on its future leads to the Company’s registration assertion and different filings with the SEC.

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