U.S. publicly traded company Onfolio Holdings secures up to $300 million in funding to establish a digital asset treasury

Onfolio Holdings Inc. (NASDAQ: ONFO), an online business operations company, announced that it has secured up to $300 million in financing through a convertible note financing instrument. The first tranche of $6 million will be completed upon closing, with an additional $2 million expected approximately 30 days later, and the remaining up to $292 million can be drawn in future tranches.

The funds will be used to establish a digital asset portfolio, generate income through staking, strengthen the balance sheet, and accelerate operational growth. CEO Dom Wells stated that the company will directly invest in Bitcoin, Ethereum, and Solana, and stake these assets through a digital finance platform to achieve investment returns. Approximately $2.5 million of the initial financing will be used to purchase and stake digital assets, while $2.5 million will support strategic growth plans. In future financings, 75% of net proceeds will be used to acquire more digital assets, and 25% will support strategic growth.