🧨 $558 Million $TON Bet: Verb Technology to Rebrand as TON Strategy Co.
Nasdaq-listed Verb Technology is making a major move into the world of crypto. The company just announced it will raise $558 million from institutional investors to build a massive Toncoin (TON) treasury — aiming to hold up to 5% of the total TON supply.
As part of this shift, the company will change its name to "TON Strategy Co." to reflect its full commitment to the Telegram Open Network (TON) ecosystem. The funding deal is expected to close around August 7, 2025, after which the TON purchases will begin.
This bold move makes Verb the first publicly traded company to fully align itself with the TON blockchain, showing growing institutional confidence in the future of Telegram’s crypto project.
💡 A major signal to the market: TON is gaining serious traction.