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ChainCatcher news, online business operations company Onfolio Holdings Inc. (NASDAQ: ONFO) announced that it has secured up to $300 million in financing through a convertible note instrument. The initial $6 million will be received upon closing, with an additional $2 million expected approximately 30 days later, and the remaining up to $292 million can be drawn in tranches in the future. The funds 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, and will stake these assets via digital financial platforms to generate investment returns. Of the initial financing, approximately $2.5 million will be used to purchase and stake digital assets, and $2.5 million will support strategic growth plans. For future financing, 75% of net proceeds will be used to purchase more digital assets, and 25% will be used to support strategic growth.

Jinse Finance reported that Nasdaq-listed company Onfolio Holdings announced it has secured $300 million in financing through convertible notes from a U.S. institutional investor. The new funds will be used to support the establishment of its digital asset treasury, initially purchasing three major cryptocurrencies: BTC, ETH, and SOL. The company stated it will utilize crypto staking to generate yields, thereby strengthening its balance sheet and accelerating operational business growth.