Fitell Corporation Allocates PUMP Tokens to Treasury, Strengthening Solana Ties
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Fitell Corporation (FTEL) announced on September 29, 2025, its plan to allocate PUMP tokens to its corporate treasury, becoming the first publicly listed company to do so. This move aims to strengthen its ties with the Solana ecosystem and enhance blockchain integration. However, Spark's analysis rates FTEL as Neutral due to significant financial challenges, including declining revenues and a negative P/E ratio, indicating a poor investment outlook. Fitell operates as an online retailer of fitness equipment in Australia through its subsidiary GD Wellness Pty Ltd.
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