TechFlow news, November 18 — According to GLOBE NEWSWIRE, Onfolio Holdings Inc. (Nasdaq: ONFO), a company operating online businesses, announced it has secured up to $300 million in financing through convertible note instruments.
The initial tranche of $6 million is expected to close on November 18, with an additional $2 million anticipated approximately 30 days later. The remaining up to $292 million may be drawn down in installments over time. Proceeds will be used to build a digital asset portfolio, generate yield 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, staking these assets via digital finance platforms to generate investment returns. Of the initial funding, approximately $2.5 million will be allocated to purchasing and staking digital assets, and $2.5 million will support strategic growth initiatives. For future financings, 75% of net proceeds will be used to acquire additional digital assets, while 25% will support strategic growth.
