Coinspeaker
Sep 24, 2025
2 0

Fitell Corporation Launches $100M Solana Treasury in Australia

Solana (SOL) is seeing increased institutional interest, with a significant move by Fitell Corporation. The company, set to rebrand as "Solana Australia Corporation," launched a Solana treasury reserve in Australia.

  • Fitell secured a $100 million financing facility and initiated its venture with a $10 million investment.
  • The current SOL market price is $221.83, experiencing a 7.14% dip over the last 24 hours, despite these developments.
  • Analysts predict potential rallies for SOL, projecting prices of $500 to possibly $1,000 by 2026.

Institutional Adoption Trends

  • Public companies are increasingly incorporating digital assets into their financial strategies.
  • Fitell aims to be Australia's largest publicly listed holder of SOL.
  • Helius Medical Technologies raised $500 million for a Solana treasury, while Pantera Capital holds $1.1 billion in SOL.

Wall Street Pepe on Solana

  • Wall Street Pepe (WEPE) has transitioned to Solana, burning over 3.6 billion tokens from Ethereum (ETH).
  • This move reduces WEPE's supply on Ethereum and enhances its appeal as a top altcoin.