Fitell Corporation, an Australian company, announced on Thursday its acquisition of 216.8 million PUMP tokens, native to the Solana-based Pumpfun platform, for $1.5 million. This move follows Fitell's recent $100 million convertible note financing arrangement with a U.S. institutional investor, of which $10 million was allocated to purchasing SOL tokens. The company is transitioning from a fitness equipment e-commerce business to a digital asset treasury firm and plans to rebrand as Solana Australia Corporation.