Verb Technology Acquires $713M in Toncoin for Strategic Pivot


Verb Technology, soon rebranding as Ton Strategy Company, has acquired $713 million worth of $TON tokens as part of its digital asset treasury strategy. The Nasdaq-listed firm now holds approximately 8.5% of Toncoin's circulating supply, making it the first publicly-traded company with a dedicated $TON treasury.


The acquisition follows a $558 million private placement in early August, with total treasury assets reaching $780 million, including $67 million in cash reserves. Executive Chairman Manuel Stotz, who recently stepped down as TON Foundation president, leads the strategic transformation.


Verb initially aimed to acquire over 5% of $TON's circulating supply but exceeded this target significantly. The company positions itself as strengthening The Open Network's economic foundation through substantial token holdings.


$TON powers the Web3 infrastructure for Telegram's encrypted messaging platform, with approximately 2.6 billion tokens currently in circulation. The token has remained relatively stable despite the significant institutional accumulation announcement.

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August 22, 2025 at 3:35 AM
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