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Onfolio Holdings raised $300 million to establish a digital asset treasury.
Golden 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 its establishment of a digital asset treasury, initially purchasing three mainstream Crypto Assets: BTC, ETH, and SOL. The company stated it will utilize staking of these Crypto Assets to generate income, enhance its balance sheet, and accelerate the growth of its operational business.