US-listed company Onfolio Holdings secures up to $300 million in funding, which will be used to establish a digital asset treasury.
According to Deep Tide TechFlow news on November 18, GLOBE NEWSWIRE reported that online business operating company Onfolio Holdings Inc. (NASDAQ: ONFO) announced that it has secured up to $300 million in financing through convertible note financing instruments.
The first batch of 6 million USD will be delivered on November 18, with an expected additional 2 million USD approximately 30 days later. The remaining up to 292 million USD can be withdrawn in batches in the future. The funds will be used to establish a digital asset repository, 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