ONFO Stock Smashes Past 130%, Breaches 50-DMA For First Time In Five Months After $100M Financing Boost

Onfolio stock posted its biggest ever intraday gains after the company secured a deal with an institutional investor to expand its acquisition pipeline.
A candlestick chart can be seen in a trading platform on a smartphone. Top U.S. firms announced record buybacks this year. (Photo by Silas Stein/picture alliance via Getty Images)
A candlestick chart can be seen in a trading platform on a smartphone. Top U.S. firms announced record buybacks this year. (Photo by Silas Stein/picture alliance via Getty Images)
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Arnab Paul·Stocktwits
Published Apr 16, 2026   |   10:20 AM EDT
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  • Onfolio will use about 25% of the proceeds to buy cryptocurrencies, while the remaining 75% will be used for general corporate purposes.
  • Trading in the stock was halted five times within 35 minutes after the opening bell on Thursday.
  • Onfolio said it could complete up to six acquisitions in 2026.

Shares of Onfolio Holdings, Inc. (ONFO) surged more than 130% on Thursday morning, climbing past its 50-day moving average for the first time since Nov. 13, 2025, after the company said it secured a $100 million equity facility agreement with an institutional investor to boost its acquisition goals.

ONFO shares climbed past $1 for the first time since November 2025. Trading in the stock was halted five times within 35 minutes after the opening bell.

ONFO.jpg

Source: TradingView

ONFO stock also recorded its biggest-ever intraday gains.

A Boost For Its Acquisition Strategy

The company said the funding will primarily be used for working capital and to acquire profitable online businesses that it believes are undervalued and can be improved with its AI-driven operating model. A smaller portion of the funds will be allocated to expanding its digital asset reserves, including cryptocurrency holdings.

Last month, Onfolio said it could complete up to six acquisitions in 2026, with the goal of becoming cash-generating through these deals. It noted that two ongoing transactions alone could generate around $100,000 in monthly free cash flow. The company plans to close one to two acquisitions per quarter.

“We spent 2025 closing the gap to profitability. Now we’re deploying capital to grow. This Facility is another tool in our growing capital toolkit that gives us more optionality to move aggressively on acquisitions, plug each one into the AI infrastructure we’ve built, and continue compounding through both our operating businesses and our digital asset treasury,” said CEO Dominic Wells.

25% Proceeds To Be Used To Buy Crypto

According to an SEC filing on Thursday, about 25% of the proceeds will be allocated to the purchase of cryptocurrencies, while the remaining 75% will be used for general corporate purposes.

The new facility, along with an existing convertible note agreement with the same investor, is intended to strengthen Onfolio’s strategy of growing its portfolio, improving margins through AI, and building a high-yield digital asset base.

How Did Retail Traders React?

Retail sentiment on Stocktwits turned ‘extremely bullish’ from ‘neutral’ a day earlier, amid ‘extremely high’ message volumes.

One user noted how the trading halts were killing the stock’s momentum.

Another user expects the stock to surge to $3.

The stock has gained more than 130% so far this year.

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