Wu said that Nasdaq-listed company Verb Technology (which plans to be renamed Ton Strategy Company) announced that its treasury assets have exceeded $780 million, including $713 million in TON and $67 million in cash. On the 8th of this month, the company completed a $558 million private placement, with the funds mainly used to purchase TON as a primary reserve asset. The company's goal is to accumulate more than 5% of the circulating supply of TON to become an important participant in the TON network, and it plans to continuously increase its per-share TON holdings through cash flow, staking rewards, and capital operations.