Verb Technology changes branding and reports significant treasury assets
According to BlockBeats, Verb Technology Company, Inc., which is listed on NASDAQ under the symbol VERB, has announced a rebranding to Ton Strategy Company. The company revealed that its treasury assets have exceeded $780 million, of which $713 million is in Toncoin (TON) and $67 million in cash.
Earlier, on August 8, Verb Technology completed a private placement, raising $558 million with participation from over 110 institutional and crypto-oriented investors. Most of the funds from this private placement were used to acquire TON, positioning it as the primary reserve asset in the company's treasury. The company's goal is to accumulate more than 5% of the circulating supply of TON.
