Fitell Shares Drop After Solana Buy

[chainsniff]

Australian fitness equipment maker Fitell fell 21% after buying 46,000 SOL (~$10M) for its treasury.

Nasdaq-listed shares closed at $6.65, down sharply despite a minor after-hours uptick.

This marks Fitell as the fifth company this week to see stock drops after crypto purchases, following Helius Medical, CEA Industries, BitMine, and Strategy Inc.

[EmTeam]

Fitell stock down 21% after adding 46K SOL (~$10M) Fifth company this week hit by sell-offs after treasury crypto buys.

[Abdul Khan]

Nasdaq close at $6.65 shows market not loving Fitell’s SOL bet 🪙 Similar drops seen with Helius, CEA, BitMine, Strategy Inc. ️