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Fitell Corporation to Expand Further into Solana Ecosystem with PUMP Treasury, the Solana-Native Token Powering the Pump.fun Launchpad
- First Publicly Listed Company to Establish a PUMP Treasury Reserve- Sydney, Australia...
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[{"type":"text","content":"Fitell Corporation to Expand Further into Solana Ecosystem with PUMP Treasury, the Solana-Native Token Powering the Pump.fun Launchpad\n\n\n\n\n -\n \n First Publicly Listed Company to Establish a PUMP Treasury Reserve-\n \n\n\n\n Sydney, Australia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”) today announced its intention to allocate PUMP tokens to its corporate treasury. This strategic move represents a natural extension of Fitell’s Solana digital asset treasury strategy and reflects the Company’s confidence in Solana’s rapidly growing ecosystem.\n \n\n Pump.fun has emerged as one of the most tangible revenue-generating applications on the Solana blockchain, operating as a live token launchpad that processes new issuances and collects listing and transaction fees directly tied to on-chain activity. Its native token, PUMP, underpins the platform’s economics by serving as the vehicle through which fee revenues are recycled back through buybacks and burns, reducing circulating supply and creating deflationary pressure over time. With a fixed supply and an ongoing burn program funded by platform revenues, PUMP aligns platform growth with tokenholder value.\n \n\n\n\n Key Rationale:\n \n\n\n\n\n\n\n\n ●\n \n\n\n On-Chain Revenue:\n \n PUMP is directly tied to activities of Pump.fun’s market-dominant launchpad, with a portion of platform fees allocated to token buybacks and burns, creating transparent, on-chain revenue capture and price support to PUMP.\n \n\n\n\n\n\n ●\n \n\n\n Solana Ecosystem Positioning:\n \n As one of the most visible tokens on Solana, PUMP reflects the rapid growth of Pump.fun, supported by strong community participation and sustained network activity.\n \n\n\n\n\n\n ●\n \n\n\n Strategic Expansion:\n \n Establishing a PUMP treasury strengthens Fitell’s presence in Solana’s most active protocols, offering both exposure to real protocol revenues and optionality as the ecosystem matures.\n \n\n\n\n\n “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, Chief Executive Officer of Fitell. “Solana’s ecosystem continues to be one ...