Onfolio Holdings, a publicly traded company in the US, has secured up to $300 million in funding, which will be used 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 available for future drawdowns.

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 generate investment returns. Approximately $2.5 million of the initial financing will be allocated for the purchase and staking of digital assets, while another $2.5 million will support strategic growth initiatives. In future financings, 75% of net proceeds will be used to acquire more digital assets, and 25% will support strategic growth.