Australian company with Solana Treasury Buy USD $ 1.5 million pump tokens

By Hannah Pérez

Pump’s Token. Fun arrives for the first time to a public treasury. The Fitell Corporation company, based in Australia and quotes its shares in Nasdaq, bought tokens Pump worth USD $ 1.5 million.

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Token Pump is now a corporate treasury asset.
Fitell Corporation, based in Australia, adds the token of Pump.fun to his balance.
He bought USD $ 1.5 million in Pump to strengthen his Solana strategy.
It is part of an increasing group of public companies that bet on a sun for their treasury.

The Token Pump of Pump.fun He is landing in the treasury of an Australian company that bets on Solana.

The Australian company Fitell Corporationspecialized in the online sale of gym and fitness equipment and that quotes its shares in Nasdaq, today has completed a millionaire investment in Pump with the intention of strengthening its Solana strategy.

In a press release on Thursday, Fitell The acquisition of 216.8 million tokens Pump reported, the native asset of the Memecoins launch platform Pump.funbased on the Blockchain of Solarium. The transaction, executed on October 1 by a total expenditure of 1.5 million dollarsrepresents a milestone in the company’s diversification strategy towards the crypto ecosystem.

This announcement comes just three days after Fitell He will reveal his intention to incorporate tokens pump into his corporate reserve, describing him as a “natural extension of the treasury strategy“Centered on Solarium.

“By expanding our treasury to include Pump, we are taking the next step in our digital asset strategy to deepen our alignment with the Solana community”said Sam Lu, CEO of Fitellon Monday.

In her statement today, Lu emphasized the speed of execution: “Again, we quickly pass from the decision to action. We are deepening our participation in Solana’s growth history, while we diversify our Treasury of digital assets to position and capture long -term growth opportunities for our shareholders“

Pioneer in the adoption of Pump

The acquisition marks the first direct purchase of Pump by a company quoted in the stock market, positioning Fitell as a pioneer in the adoption of this token.

Pump.funwhich operates like a dominant launchpad in Solariumgenerates on-chain income through listing rates and transactions, with a mechanism that allocates part of these funds to repurchases and burning of Pump tokens. This creates deflationary pressure in its fixed supply, aligning the value of the token with the growth of the platform. According to data from Coingcko, Pump has experienced a 90% increase in its price during the last monthreaching a capitalization of 2.5 billion dollars.

Fitell Corporation Bet on Solana

This move is part of a broader transformation of Fitellwhich previously obtained a convertible credit line of USD $ 100 million with an American institutional investor, initially allocating 10 million for the purchase of sun.

“The Solana ecosystem continues to be one of the fastest growth in Blockchain, and Pump represents both innovation and momentum within it“, Highlighted the CEO of Fitell manifesting your confidence for the project.

Fitellwhich operates through its subsidiary GD Wellness Pty Ltd And it has served more than 100,000 clients with their own brands such as Muscle Motion, Rapid Motion and Fleetxalso explore integrations Blockchain In their operational platforms and interactive initiatives with consumers, including loyalty programs in Solarium and asset evaluations such as USDC and Worldcoin.

The company plans to rename like Solana Australia Corporation and generate yields through the deployment of sun assets in “Structured products“However, the announcement was not exempt from volatility, since the actions of Fitell They fell 15% to $ 5.14 in Thursday’s session, according to data from Yahoo Finance.

Solana treasury arise

The announcement comes at a time of growing interest and institutional optimism for cryptocurrencies. This 2025, a number of companies – public and private – have started cryptocurrency -centered financial strategies. While most have resorted to Bitcoin As the main active of Treasury, others have opted for Altcoins as Ethereum, XRP and Solarium.

In particular, the ecosystem of Solarium He has captured a remarkable interest among several corporations. Last month, the signatures Galaxy Digital, Jump Crypto and Multicoin capital They committed to an investment of 1,650 million dollars to support Forward Industriesa new Solana treasury company that lies on the stock market and that will buy and bet Sun.

Other public companies such as UPEXI, Defelopment Corp, Sol Strategies and Sharps Technology They also bet on Solariumand VISIONSYS AIBeijing headquarters, he joined that growing list this week.

While, Fitell He undertakes to provide periodic updates on the expansion of his digital treasury, in a context where the corporate adoption of cryptocurrencies is synonymous with innovation but also of risk.

The sun’s price is USD $ 231 At the time of closing this edition, a 5.6% gain in the last 24 hours and more than 12% in the month, according to data from Coingcko.

Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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