Verb Technology holds $780 million in assets, including $713 million in TON

According to Foresight News, Verb Technology (Nasdaq: VERB) now holds over $780 million in assets, including $713 million in Toncoin (TON) and $67 million in cash. This marks an important milestone for the company in advancing its TON blockchain-related strategy.

Previously, the company completed a private placement financing of $558 million on August 8, and most of the funds were used to purchase TON as the main reserve asset. The company plans to accumulate more than 5% of the circulating supply of TON and become an important participant in the TON network, while gradually increasing the number of TON held per share through cash flow reinvestment, staking rewards, and other methods.