Onfolio Receives $4.75M Financing; Co To Allocate ~$2.35M To Growth And Debt Reduction And ~$2.4M To BTC, ETH, SOL For Treasury Strategy

+0.66%

0.00%

Onfolio Holdings Inc.

ONFO

0.86

+0.66%

ONFOLIO HOLDINGS INC 12% CUM RED PFD SER A

ONFOP

0.00%

Onfolio Holdings Inc. (NASDAQ:ONFO, ONFOW))) (OTC:ONFOP) (the "Company" or "Onfolio"), a company that combines digital assets, DeFi yield, and cash-flowing online businesses, today announced that it has received $4.75 million in investment proceeds under its previously announced financing agreement.

The Company has allocated approximately $2.35 million toward business growth initiatives, repayment of debt and working capital, and approximately $2.4 million toward purchases of BTC, ETH, and SOL as part of its digital-asset treasury strategy designed to generate yield and upside.

The company expects to complete the cryptocurrency purchases over the coming weeks.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.