- Verb reports $780 million in treasury assets, including $713 million in Toncoin and $67 million in cash.
- The company closed a $558 million private placement and targets more than 5 percent of TON’s circulating supply.
Verb Technology Company said on August 21 that its treasury assets exceed $780 million, comprising $713 million in Toncoin and $67 million in cash, as it advances a strategy centered on The Open Network.
The Nasdaq-listed group, which plans to rename itself Ton Strategy Company, framed the holdings as a dedicated treasury reserve for $TON.
Company discloses $713 million in Toncoin and $67 million cash after financing
The disclosure follows the August 8 closing of a $558 million private placement subscribed by more than 110 institutional and crypto-native investors. Management said the company used the majority of proceeds to acquire Toncoin as its primary treasury reserve asset.
The transaction, led by Kingsway Capital and joined by several crypto investment firms, is intended to support ongoing accumulation of $TON on the balance sheet.
Verb targets more than 5% of TON’s circulating supply and outlines staking plan
The company said its treasury strategy aims to accumulate over 5 percent of Toncoin’s circulating supply and to increase Toncoin held per share over time through reinvestment, staking rewards and capital-markets activity.
Executives described the programme as an effort to become the first and largest publicly traded treasury reserve focused on Toncoin.
Management also noted that Verb will continue to operate its digital media business units, including the MARKET.live livestream shopping platform and the recently acquired LyveCom.
These business lines draw on the group’s social commerce and video marketing technology while the treasury unit focuses on digital asset exposure tied to TON.
Toncoin traded near $3.28 on August 22, providing a public reference for the company’s stated valuation of its token holdings. Toncoin is integrated with Telegram’s mini app ecosystem and supports wallets, payments and other applications within the messaging platform, which reports more than one billion monthly active users.
Verb warned that its plan involves risks typical of digital asset strategies, including market volatility and execution uncertainties. The group said its common stock continues to trade on Nasdaq under the ticker VERB as it progresses toward a rebrand and provides further governance updates related to the treasury strategy.
At the time of writing, Toncoin (TON) is trading at exactly $3.29 and has increased by $0.043, equivalent to a +1.34% gain in the past 24 hours. It recorded a 24-hour low of $3.24 and a high of $3.35.
