Fitell Corporation completes $50 million financing, plans to convert proceeds into stablecoins

ChainCatcher reported that Nasdaq-listed company Fitell Corporation announced it has raised $50,000,000 through the issuance of convertible bonds. The company will convert the net proceeds from the financing into stablecoin assets, thereby expanding its balance sheet. Additionally, it will use the stablecoins to support 2F Robotics, an artificial intelligence-driven robotics and automation systems development company.