BlockBeats news, on August 21, Verb Technology Company, Inc. (NASDAQ: VERB, will be renamed Ton Strategy Company) announced today that the company's treasury assets have exceeded $780 million, including $713 million in Toncoin (TON) and $67 million in cash.
Previously, Verb Technology completed a private placement of $558 million on August 8, with participation from over 110 institutional and crypto-native investors. The company used most of the funds raised from the private placement to purchase TON, as its primary treasury reserve asset. The goal is to accumulate over 5% of the circulating supply of TON.
