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Onfolio Holdings Begins Clearing Approximately $1.5 Million of Debt from Balance Sheet
Globenewswire· 2025-12-09 13:30
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]
Onfolio Publishes Updated Strategy to Build a Modern Public Holding Company
Globenewswire· 2025-12-02 13:30
Core Insights - Onfolio Holdings Inc. is evolving its strategy to integrate operating profits from digital businesses with the potential and staking yield from digital assets, aiming to create a modern public holding company that aligns with the digital economy [1][2] Group 1: Strategic Roadmap - The strategic roadmap titled "Building a Modern Public Holding Company" is available on Onfolio's website and provides insights into the company's new strategy [1][4] - CEO Dom Wells emphasizes the importance of clearly articulating the reasons for the strategic shift and the potential enabled by recent financing [2] Group 2: Key Highlights - The company aims to combine the predictability and diversification of operating businesses with the asymmetric upside of digital assets, creating a more resilient business model [7] - A diversified mix of crypto assets allows Onfolio to allocate resources across multiple networks, focusing on upside, yield, and stability [7] - The recent $300 million financing facility provides Onfolio with transformative capital to grow its digital asset treasury, generate yield, and pursue strategic acquisitions [7] Group 3: Company Overview - Onfolio Holdings Inc. acquires and operates profitable online businesses across various sectors, including marketing, education, and e-commerce [5] - The company's dual-engine compounding strategy integrates real-world earnings with a diversified digital-asset treasury to drive sustainable growth [5]