The first $TON cryptocurrency reserve company has arrived, TON Strategy Co. will invest $558 million to purchase TON
Yesterday's shared Ethena $tsUSDe yield strategy, if you choose to lend TON and stake it into the Binance wallet to participate in the Tonstakers 20% yield event, pay close attention to the sudden price increase of TON in the near future.
The US-listed company Verb Technology (VERB), in collaboration with Kinsway Capital, has completed $558 million in financing, with details as follows:
1. Verb Technology Company has been renamed to TON Strategy Co. (TSC)
2. The financing proceeds amount to approximately $558 million, and the transaction will be completed on 2025/8/7, with most of the proceeds used to purchase TON
3. The investment lineup includes over 110 investors such as Blockchain.com, Pantera, Animoca, BitGo, The Open Platform, TVM Ventures, etc.
4. TON Foundation Chairman Manuel Stotz serves as Executive Chairman, and Blockchain.com CEO Peter Smith serves as Special Advisor
The current market value of TON is approximately $8 billion, and $558 million is equivalent to over 5% of the token value. Users lending TON need to closely monitor price fluctuations and the lending liquidation line.
(For comparison, $ENA cryptocurrency reserve company StablecoinX has $360 million in financing)
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※ The above content does not constitute investment advice. Users should operate according to their own risk tolerance, DYOR, and participate in the investment market cautiously.
※ The attached image is sourced from GlobeNewswire