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Techub News, Nasdaq-listed Fitell Corporation announced that it has invested $1.5 million to purchase 216.8 million PUMP tokens, which will be included in its digital asset treasury. Fitell Corporation stated that this transaction marks the company's first purchase of PUMP tokens to support its ongoing strategic expansion within the Solana ecosystem.
Techub News: Fitness equipment supplier Fitell Corporation (NASDAQ: FTEL) has secured a financing facility of up to $100 million to support the launch of its Solana treasury strategy. The company plans to deploy SOL assets across a diversified range of on-chain DeFi and derivatives strategies to achieve excess returns. The strategies cover structured products (such as options and snowball products), on-chain liquidity provision, and other high-liquidity strategies with controllable downside risks. The generated returns will flow back into the treasury reserves, further accelerating the accumulation of SOL, increasing the amount of SOL held per share, and strengthening alignment of interests with the Solana community.
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