Fitell's Cryptocurrency Gamble: Shares Plummet Despite $100M Treasury Strategy

Fitell, an Australian fitness firm, experienced a 21% drop in shares after investing $10 million in Solana as part of a new cryptocurrency treasury strategy. This comes alongside the announcement of a $100 million SOL treasury strategy, marking a significant move in the digital asset market. While this initiative positions Fitell as a key player, the volatility of crypto investments raises concerns about the company's financial stability.