Verb Technology Company, Inc. (Nasdaq: VERB), which will soon rebrand as Ton Strategy Company, announced that it holds $780 million in treasury assets, including $713 million in Toncoin ($TON) and $67 million in cash.
This marks a major milestone in the company’s previously announced $TON treasury strategy.
Backed by Private Placement
On August 8, Verb Technology completed a $558 million private placement with over 110 institutional and crypto-native investors. A large portion of the proceeds was used to acquire Toncoin as the company’s primary treasury reserve.
CEO Statement
CEO Manuel Stotz commented:
“Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON. This is not only about building a balance sheet; it’s about contributing to the security of the TON blockchain.”
Stotz added that Verb Technology’s strategy is to accumulate over 5% of the circulating TON supply, positioning the company as a key player in securing the network’s infrastructure.
Strategic Role in the TON Ecosystem
Verb Technology plans to expand its treasury through staking rewards, reinvested cash flows, and capital market activities, making VERB the first and largest publicly traded TON treasury reserve.
$TON has emerged as one of the first crypto assets to achieve global-scale integration. Earlier this year, Telegram and the TON Foundation announced that TON will power Telegram’s Mini App ecosystem.
With over 1 billion monthly active users, Telegram’s wallets, payments, and apps run on the TON blockchain — a critical driver of $TON’s adoption.
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