Toncoin TON: Verb Technology Rebrands as Ton Strategy Co. Following Massive $713M Treasury Allocation
Published:
2025-08-21 19:11:13
[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News - Verb Technology Company, Inc. (VERB) has made a decisive pivot into cryptocurrency, rebranding as Ton Strategy Company after acquiring $713 million worth of Toncoin. This strategic
MOVE brings their total treasury holdings to $780 million, combining digital assets with $67 million in cash reserves. The company now controls 5% of Toncoin's circulating supply, positioning itself as the largest public holder of the Telegram-affiliated cryptocurrency. This shift reflects growing institutional interest in blockchain-based treasury management, with VERB's $558 million private placement fueling this aggressive accumulation. Toncoin's market performance shows correlation with VERB's stock, which edged up 0.34% to $20.79 post-announcement. The restructured company now operates at the intersection of traditional finance and digital asset innovation, potentially setting a new precedent for corporate treasury strategies.
By:
|Square
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