Onfolio receives $4.75M in investment proceeds

Onfolio (ONFO) Holdings announced that it has received $4.75M in investment proceeds under its previously announced financing agreement. The company has allocated approximately $2.35M toward business growth initiatives, repayment of debt and working capital, and approximately $2.4M 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. “We’re going to use this capital to increase our cashflow via interest payment reductions, and injecting growth capital into the operating portfolio,” said Onfolio CEO Dom Wells.