Verb Technology Reports $780 Million in Assets, Boosts Toncoin Holdings
Verb Technology Company, Inc. (Nasdaq: VERB), which plans to rename itself Ton Strategy Company, announced that its treasury assets now exceed $780 million following a recent private placement, with most of the funds invested in Toncoin, the native token of The Open Network blockchain. The company disclosed holdings of $713 million in Toncoin and $67 million in cash. The announcement comes less than two weeks after Verb closed a $558 million private placement involving more than 110 institutional and digital-asset investors. Focus on Toncoin Accumulation Executives said the majority of proceeds from the placement were used to purchase Toncoin as the company’s primary reserve asset. Verb aims to acquire more than 5% of Toncoin’s circulating supply, positioning itself as one of the largest holders of the cryptocurrency. In addition to direct purchases, the company said it plans to expand its Toncoin position over time by reinvesting cash flows, using staking rewards, and conducting capital markets transactions. Company leaders framed the strategy as a long-term effort to support the infrastructure of the blockchain network while maintaining reserves in a digital asset. Link to Telegram Integration The announcement follows broader developments involving Toncoin’s role within the messaging platform Telegram. Earlier this year, Telegram and the TON Foundation said Toncoin would become the exclusive blockchain powering the platform’s Mini App ecosystem, which includes digital wallets, payments, and other services. Telegram, which reports more than 1 billion monthly active users worldwide, has been expanding the use of blockchain-based tools within its app. The integration has made Toncoin one of the first cryptocurrencies embedded in a large-scale social platform. Outlook and Next Steps Verb Technology said its evolving treasury strategy marks a shift toward digital assets as a core component of its balance sheet. The company’s leadership emphasized its intent to remain active in Toncoin’s ecosystem and to increase the amount of Toncoin held per share. The company has not yet detailed how its name change to Ton Strategy Company will affect operations or whether additional blockchain-focused initiatives are planned. Verb Technology’s decision underscores the growing intersection between public companies and blockchain-based assets, particularly as platforms such as Telegram expand financial services integrated with digital currencies.
