Verb Technology Company recently announced its treasury assets now exceed $780 million. This significant accumulation follows an August 8 private placement, which raised $558 million from over 110 institutional and crypto-native investors. The company primarily used these proceeds to acquire Toncoin ($TON), the native cryptocurrency of The Open Network (TON) Blockchain, as its main treasury reserve.
The company's current treasury includes $713 million in Toncoin and $67 million in cash. This strategic move marks a key step in the company's previously outlined Verb Technology TON strategy. Furthermore, the company aims to accumulate over 5% of $TON's circulating supply.
Advancing Digital Asset Holdings
Verb Technology intends to steadily increase Toncoin holdings per share. The company will achieve this growth through reinvestment of cash flows, staking rewards, and disciplined capital markets activity. This blockchain technology strategy contributes to the security of the TON network.
Toncoin integrates with Telegram, a global social platform, powering wallets and payments for its users.
The company's Verb Technology TON strategy positions it as a significant participant in maintaining and securing network infrastructure. Unlike other networks such as Ethereum or Solana, TON leverages Telegram's vast user base. Verb Technology, soon to be Ton Strategy Company, focuses on long-term digital assets investment.
