Onfolio Holdings (ONFO) Lands Up to $300 Million for Crypto Treasury as Q3 Loss Widens
Onfolio secured a convertible note facility of up to $300 million from a U.S. institutional investor, with $6 million closing around Nov. 18 and $2 million more expected in 30 days. Shares fell 16.6% after Q3 results showed a wider net loss despite 36.3% revenue growth, then rebounded on the financing news. The company plans to use much of the capital for Bitcoin, Ethereum, and Solana staking. Market cap stands near $4–5 million.
