💎 The recently announced TON Strategy fund received a transfer of over 119,200,000 TON (about $400 million) from Telegram to its storage address.

The fund was established based on the American company Verb Technology (VERB), which closed a private placement of shares at $558 million in partnership with Kingsway Capital.

Manuel Stoltz, the founder of Kingsway and president of the TON Foundation, became the executive chairman, and Peter Smith, CEO of Blockchain.com, was appointed as a special advisor.

The company plans to change its name to TON Strategy Co, while continuing to develop existing projects in the field of social sales and video marketing, as well as creating new solutions for livestream platforms using artificial intelligence.