Fitell inventory fell 21% after unveiling a $100M Solana treasury plan and rebrand, highlighting dangers and development of Solana treasuries.
Fitell inventory fell after the Australian health firm introduced a significant Solana treasury technique.
The Nasdaq-listed agency revealed it could allocate $100 million into Solana, making it the primary Australian firm of its type to carry the digital asset at this scale.
Regardless of the bold transfer, shares closed 21% decrease at $6.65 on Wednesday.
Fitell outlines new Solana-focused imaginative and prescient.
Chief Govt Officer Sam Lu framed the Solana treasury as a large pivot for the corporate.
He mentioned that Fitell’s purpose is to turn into the biggest publicly listed Solana holder within the Asia-Pacific area. To attain this, the corporate secured a $100 million convertible notice and can allocate 70% of internet proceeds from every financing transaction to digital property.
🚨JUST IN: Publicly listed Fitell Company (FTEL) has accomplished a $10m Solana buy simply sooner or later after elevating a $100M credit score line to launch Australia’s first @Solana Digital Asset Treasury. pic.twitter.com/CdMaBP4zMr
— SolanaFloor (@SolanaFloor) September 24, 2025
The remaining funds will help working capital, operations and on-chain initiatives.
Fitell has additionally begun the method of twin itemizing on the Australian Securities Trade. Property will likely be custodied with BitGo Belief Firm in america, and staked by way of institutional-grade suppliers.
Traders query crypto treasury dangers
Regardless of the bold plan, Fitell’s inventory declined as buyers questioned the dangers tied to Solana holdings. Shares had already fallen greater than 95% earlier this yr after analysts flagged valuation and efficiency points.
Wednesday’s announcement elevated doubts about whether or not altering focus to digital property can reverse the pattern.
Different corporations adopting Solana treasuries have additionally confronted comparable reactions. Helius Medical Applied sciences noticed its inventory fall 34% after investing $175 million in Solana. CEA Industries, BitMine Immersion Applied sciences and Technique Inc. additionally posted losses of 19.5%, 10%, and a couple of.5% after their crypto treasury strikes.
Solana treasury technique adoption expands
The Solana treasury mannequin is rising quick amongst institutional gamers. Information from Strategic SOL Reserve reveals 17 entities now maintain greater than 17 million Solana, which represents 2.96% of the entire provide.
Current examples additionally present the tempo of adoption.
Brera Holdings rebranded as Solmate after elevating $300 million to construct Solana infrastructure. Helius Medical Applied sciences closed a $500 million increase with an possibility for $750 million extra, to construct its Solana-focused treasury.
Ahead Industries additionally pivoted from medical design to digital property, after submitting a $4 billion fairness program to fund its Solana technique.
Fitell positions itself for long-term Solana adoption
Regardless of the inventory market response, Fitell management insists that the Solana treasury is a long-term technique. CEO Sam Lu mentioned the corporate will develop its holdings, develop staking income and look into different structured merchandise.
The transfer stands as a change from promoting health gear to digital asset administration. Whether or not buyers will embrace that imaginative and prescient, nevertheless, stays unsure.
Fitell’s monitor report, coupled with the fast drop in share worth, reveals the problem of convincing the markets to help crypto treasury methods.
Outlook for Solana and listed treasury companies
General, the adoption of Solana treasuries reveals that institutional confidence within the community is on the rise. On the similar time, it reveals the distinction between investor sentiment towards digital property and the optimism of firm leaders.
For Solana, the elevated accumulation might worth stability.
For Fitell and different companies, the problem lies in bringing shareholder expectations alongside crypto methods. If the adoption continues, the market might regulate its outlook. Nonetheless, short-term scepticism continues to run scorching.