Verb Technology Company, Inc. announced treasury assets exceeding $780 million, including $713 million of Toncoin (TON) and $67 million of cash.
The Company recently closed a $558 million private placement to acquire Toncoin as its primary treasury reserve asset.
The strategy aims to accumulate over 5% of Toncoin's circulating supply and increase Ton held per share over time.
Treasury Assets Announcement
The Company revealed treasury assets surpassing $780 million, highlighting a major milestone in its TON treasury strategy implementation.
Private Placement Closing
A recent $558 million private placement was completed to acquire Toncoin as the primary treasury reserve asset.
Building Balance Sheet Strength
By accumulating over 5% of Toncoin's circulating supply, the Company strengthens the economic foundation of the network.
- The Company aims to establish itself as a significant participant in maintaining and securing the TON network infrastructure.
- This move reinforces the Company's commitment to contributing to the security of the TON blockchain and benefiting from its financial protocols.
Verb Technology's strategic focus on accumulating Ton for long-term investment aligns with its goal of generating sustainable staking rewards. The recent increase in treasury assets positions the Company as a key player in the blockchain ecosystem.