TechFlow news, September 24 — According to GLOBE NEWSWIRE, NASDAQ-listed Fitell Corporation (NASDAQ: FTEL) announced the completion of its first strategic purchase of Solana, acquiring 46,144 SOL tokens for approximately $10 million.
Sam Lu, CEO of Fitell Corporation, stated that this initial acquisition demonstrates the company's execution and commitment to its newly launched Solana treasury strategy. The company looks forward to expanding its SOL holdings with institutional support, increasing staking yields, and creating long-term value for shareholders.
Earlier report, U.S.-listed Fitell Corporation announced securing $100 million in financing to adopt a Solana treasury strategy.
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