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Verb Tech’s $558M PIPE Deal Fuels Toncoin (TON) Adoption Strategy Amid Market Volatility
Verb Tech’s $558M PIPE Deal Fuels Toncoin (TON) Adoption Strategy Amid Market Volatility
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Verb Technology Company, Inc. (VERB) shares experienced significant volatility, surging 79% to over $30 before pulling back 14% to $17.00, following the announcement of a $558 million private investment in public equity (PIPE) deal. The transaction, co-led by Kingsway Capital with participation from institutional heavyweights including Vy Capital and Blockchain.com, marks a strategic pivot toward crypto treasury reserves.
The company plans to allocate the capital toward Toncoin ($TON) adoption, positioning itself as a major holder of the blockchain's native asset. Market reactions reflect both Optimism about VERB's crypto transition and concerns about execution risks in the volatile digital asset landscape.
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