Onfolio Holdings Begins Clearing Approximately $1.5 Million of Debt from Balance Sheet

Core Insights - Onfolio Holdings Inc. is executing its strategic roadmap by retiring approximately $1.5 million in debt, which will save nearly $150,000 in annualized interest expenses [1][2][3] - The company has initiated a debt conversion process, converting $850,000 in seller notes into shares of common stock, in addition to retiring $640,000 of seller notes [1][2] - The recent financing facility of $300 million supports Onfolio in generating recurring income from cryptocurrency yield, providing exposure to potential crypto price upside, and enabling substantial debt retirement [4][5] Financial Position - The elimination of $1.5 million in debt is a key priority for Onfolio, aimed at reducing interest expenses and strengthening the financial position [3] - The actions taken, including cryptocurrency purchases, are expected to enhance the company's operating portfolio and restart its acquisition program [2][4] Future Strategy - Onfolio plans to invest additional capital to grow its existing portfolio and restart its acquisition program following the debt clearance [4][5] - An update on the acquisition strategy is anticipated soon, indicating a proactive approach to growth [5]