Verb Technology transforms into TON Strategy and launches the first public reserve of Toncoin at $558 million
🔷 The American company Verb Technology announced a private placement of shares for $558 million to form a treasury reserve in TON. After the deal closes on August 7, the company will change its name to TON Strategy Co.
📌 The deal involved over 110 investors, including:
— Kingsway Capital
— Vy Capital
— Blockchain.com
— Ribbit Capital
— Graticule (GAMA)
⚡️ The new format is a public structure holding Toncoin and earning from staking. A total of 58.7 million shares will be issued at $9.51, based on the market price on August 1.
💬 Manuel Stotz:
"TON is perfectly suited for permanent capital — there is both growth and yield from staking."
🔍 Why all this:
— This is the first institutional reserve of TON managed by a public company.
— TON Strategy will become the largest institutional player in the Telegram ecosystem.
— Focus on transparency, compliance, and a long-term asset management model.