Australia’s $100M Solana Treasury Launches DeFi Yield Engine
The Solana treasury, backed by a $100 million convertible financing facility, has been launched by Fitell Corporation, marking Australia’s first corporate treasury dedicated to SOL. Fitell immediately allocated $10 million for SOL purchases and will custodian holdings with BitGo. The Solana treasury will deploy assets across DeFi strategies — options, liquidity provisioning, structured yield products and snowball instruments — with returns reinvested to compound growth. Advisors David Swaney and Cailen Sullivan will oversee risk-managed strategies as Fitell plans to rebrand as Solana Australia Corporation and pursue a dual ASX listing to become the region’s largest public SOL holder. While SOL’s price is up 47% year-on-year, Fitell’s Nasdaq shares fell 17.5% as investors weigh crypto volatility and DeFi returns roadmap. Traders should watch for demand-driven price support and deeper market liquidity as institutional adoption of Solana and DeFi yield strategies expands.
Bullish
Launching a $100 million Solana treasury underscores growing institutional confidence and creates significant on-chain demand for SOL. Short term, the $10 million initial purchase and active DeFi yield engine should support price momentum. Long term, reinvested returns, a dual ASX listing and compounding strategies by a public treasury enhance liquidity and market depth, reinforcing bullish fundamentals for SOL.