The Good Tech Companies - Fitell Corporation Launches Solana (SOL) Digital Asset Treasury with $100M Financing Facility

Episode Date: September 24, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/fitell-corporation-launches-solana-sol-digital-asset-treasury-with-$100m-financing-facility. To support initial SOL acquisitions, the Company has entered into an up to $100M convertible note facility with a U.S.-based institutional investor, of which $1 Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #defi-yield-protocol, #chainwire, #press-release, #defi-solutions, #blockchain-development, #crypto-adoption, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. FITL Corporation launches Sol, Digital Acid Treasury with $100 M financing facility, by Chainwire. Terran Point, Australia, September 23, 2025, Chainwire, FITL Corporation, NASDAQ, FTEL, or the company, a global provider of fitness equipment and health solutions, today announced it has secured an up to $100 M facility to support the launch of its Solana Treasury strategy, marking the first Solana-based digital asset treasury in Australia. Key highlights filled circle defy and yield roadmap. Designed to generate outsized yields by deploying solosits across a diversified suite of on-chain defy and derivative strategies. This includes structured products such as options, snowballs, on-chain liquidity provisioning,

and other highly liquid strategies with managed downside risk. Each approach offers varying levels of returns, alpha generation and duration. Returns generated will be reinvested into the Treasury Reserve, compounding the velocity of Sol accumulation, increasing Saul per share and strengthening alignment with the Solana community. Filled Circle Australian dual listing, FITL has initiated steps toward a dual listing on the Australian Securities Exchange, ASX, broadening access and exposure for regional investors to Saul. Filled Circle rebrand, following the initial launch of the Solana Treasury, the company plans to rebrand to solana australia corporation filled circle security initial sol assets will be custodied with bidgo trust company ink in the u s and staked through institutional grade

infrastructure digital asset treasury advisors fitel has appointed david swani and kalan sullivan as advisors to lead the company's digital asset treasury roadmap their mandate focuses on designing strategies to optimize treasury performance through decentralized finance defy opportunities risk management frameworks, and yield innovation beyond traditional staking models. Filled Circle David Swanee has been active in the digital asset space since 2017, focusing on institutional adoption of on-chain finance. His extensive advisory and consulting experience spans treasury design, structured yield strategies, and market infrastructure.

Field Circle Kalin Sullivan has been active in the digital asset space for over a decade was an early hire at Coinbase in 2013. Recently, he has been primarily focused on investing in supporting projects across the Solana ecosystem and Issa co-founder of Adrina, one of the leading perpetuals DEXs on Solana based on trading volume. Greater than, we believe that digital asset treasuries are laying the blueprint for digital greater than asset ETFs, said David Swanee. The ability to generate yield on assets greater than beyond staking will be the defining differentiator, and we intend to lead this greater than effort. Greater than our strategy focuses not only on Solana itself, but the broader ecosystem of

greater than applications being built on top. By deploying more assets on chain, we aim to greater than generate outsized returns, setting a new benchmark for performance in digital greater than asset management while supporting the growth of Defy applications on Solana, greater than said Kalin Sullivan. Greater than both advisors commented, as advisors, we are excited to position this as the greater than most innovative Solana aligned treasury in the market. While scale varies greater than among peers, our focus is value creation through capital concentration in the greater than Solana ecosystem. By bringing assets on chain and integrating with native greater than projects, we believe we can deliver value to shareholders while advancing the greater than ecosystem.

Our goal is to demonstrate that strategy and alignment can rival greater than scale and set a benchmark for Solonanative treasuries. Greater than Sam Liu, chief executive officer of FITL Corporation, commented, the launch greater than of our Solana digital acid treasury positions FITL at the forefront of greater than Solana adoption in the regions of Australia and Asia Pacific. Our ambition to greater than become the region's largest publicly listed Solana holder underscores are greater than conviction in the network's long-term potential. With the expertise of David, Swanee and Kalin Sullivan, we are excited to execute on a roadmap that greater than combines innovation, yield generation, and disciplined risk management.

The company will further discuss its digital asset treasury today at 4 p.m. Eastern Time on September 23, 2025 during a live session hosted on at Mario Naafel or at Roundtable Space. To support initial Sol acquisitions, the company has entered into an up to $100 McConvertible Note facility with a U.S.-based institutional investor, of which $10 million from the initial closing will be immediately deployed to purchase Sol. Rodman and Renshaw acted as exclusive placement agent for the financing. The foregoing description does not purport to be complete and is qualified in its entire tea by reference to the full text of the company's report of foreign private issuer on Form 6K to be filed with the Securities and Exchange Commission on September 23, 2025. About FITLL Corporation Fidel Corporation, through GD Wellness TIE Limited, GD, its wholly owned subsidiary, is an online retailer of gym and fitness equipment both under its proprietary brands and other brand names in

Australia. The company's mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. G.D. has served over 100,000 customers with large portions of sales from repeat customers over the years. The company's brand portfolio can be categorized into three proprietary brands under its gym direct brand, muscle motion, rapid Motion, and Fleet X, in over 2,000 stockkeeping units, SCUS. For additional information, please visit the company's website at www. Fidelcorp.com forward-looking statements this press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the Safe Harbor

provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are a forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including market and other conditions, Andare based on the company's current expectations and projections about future events that the company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as may, will,

could expect, anticipate, aim, estimate, intend, plan, believe, is, are likely to propose, potential, continue, or similar expressions. The company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, It cannot assure you that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the company's

registration statement and other filings with the SEC. Contact chief financial officer Edwin to Medwin at GYM Direct.com. Oh, thank you for listening to this Hackernoon story, read by artificial intelligence. Visit hackernoon.com to read, write, learn and publish. Thank you.