Fitell announces $50M stablecoin financing to support launch of 2F Robotics

Fitell (FTEL) announced that it has entered into a securities purchase agreement with a U.S. based institutional investor to issue a $50 million convertible note. The financing will support the launch of 2F Robotics, a joint venture focused on developing and commercializing AI-driven robotic technologies across consumer and industrial applications. Sam Lu, Chief Executive Officer of Fitell, commented: “This financing enhances our capital flexibility and broadens our balance sheet through a diversified corporate treasury. By holding proceeds in stablecoins, we can maintain capital stability while allocating towards growth initiatives such as 2F Robotics over time. Additionally, our digital asset framework provides flexibility to adjust allocations in response to market conditions, allowing us to pursue innovation in a measured manner as we expand into next-generation robotics.”