Fitell Corporation Allocates PUMP Tokens to Treasury, Strengthening Solana Ties

Tip Ranks
2025.09.29 14:57
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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.

Fitell Corporation ( (FTEL) ) has issued an update.

On September 29, 2025, Fitell Corporation announced its plan to allocate PUMP tokens to its corporate treasury, marking it as the first publicly listed company to establish a PUMP treasury reserve. This strategic move is part of Fitell’s broader digital asset strategy to deepen its alignment with the Solana ecosystem, reflecting confidence in Solana’s growth and the potential for blockchain integration into its operations. The initiative is expected to strengthen Fitell’s presence in Solana’s active protocols and explore blockchain-enabled loyalty programs and consumer engagement initiatives.

Spark’s Take on FTEL Stock

According to Spark, TipRanks’ AI Analyst, FTEL is a Neutral.

Fitell Corporation’s stock is currently rated low due to significant financial performance challenges, including declining revenues and profitability, negative returns, and cash flow issues. Technical analysis indicates a strong bearish trend with oversold conditions, while valuation metrics show a negative P/E ratio, suggesting poor earnings potential. These factors contribute to an overall unfavorable investment outlook.

To see Spark’s full report on FTEL stock, click here.

More about Fitell Corporation

Fitell Corporation, through its wholly owned subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia. The company offers products under its proprietary brands, including Muscle Motion, Rapid Motion, and FleetX, and aims to provide a comprehensive fitness and wellness experience powered by technology.

Average Trading Volume: 84,519

Technical Sentiment Signal: Sell

Find detailed analytics on FTEL stock on TipRanks’ Stock Analysis page.

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