Verb Technology has over 780 million USD in assets, primarily consisting of Toncoin (TON) and cash.
The company focuses on developing the TON blockchain with plans to hold over 5% of the total TON supply through investing and reinvesting profits from staking and cash flow.
MAIN CONTENT
Verb Technology has total assets of over 780 million USD, including 713 million USD in Toncoin and 67 million USD in cash.
The company completed a private sale worth 558 million USD at the beginning of August to purchase Toncoin.
Verb Technology aims to own over 5% of the circulating supply of Toncoin and gradually increase its assets through staking.
What assets is Verb Technology managing and what is their value?
Currently, Verb Technology holds a total of over 780 million USD in assets, with Toncoin constituting the majority at around 713 million USD, and the remaining 67 million USD in cash. This figure reflects a significant asset scale in the cryptocurrency market related to the TON blockchain.
This data was announced on August 21, marking an important step in the company's strategy to develop the TON ecosystem.
How does Verb Technology's process of acquiring Toncoin work?
On August 8, the company completed a private fundraising round worth 558 million USD, which is the main source of capital for investing in Toncoin. Most of the raised funds have been used to accumulate Toncoin as a key reserve asset.
Acquiring a large amount of Toncoin demonstrates the company's determination to strategically position itself within the TON network and increase its influence in the project community.
Owning more than 5% of the total supply of Toncoin will help Verb Technology become a key player in the TON ecosystem.
Blockchain Analyst, August 2024 Report
What goals does Verb Technology have for the amount of Toncoin it holds?
The company's strategy is to accumulate Toncoin amounting to over 5% of the total circulating supply of this currency. This means that Verb Technology will be one of the most influential individuals/organizations in the TON network.
At the same time, the company plans to increase the amount of Toncoin per share through reinvesting cash flow and staking rewards, creating a long-term and sustainable position in the ecosystem.
What does the reinvestment and staking process of Verb Technology mean?
Verb Technology uses profits from staking activities and cash flow to gradually increase the amount of Toncoin held per share, aiming to enhance asset value and influence within the network. This is a strategic approach to optimize benefits from the investment capital.
This method is based on the experience of large organizations in the cryptocurrency field, contributing to the project's reliability and sustainability.
Frequently Asked Questions
How much Toncoin does Verb Technology currently hold?
Verb Technology is holding about 713 million USD in Toncoin, accounting for over 5% of the total circulating supply.
When was the company's most recent fundraising round and what was its value?
The company completed a private sale worth 558 million USD on August 8, 2024.
What plans does the company have for the amount of Toncoin it holds?
Verb Technology will gradually increase the amount of Toncoin per share through reinvesting cash flow and staking rewards.
What does owning over 5% of the total supply of Toncoin mean?
This helps the company become an important factor, enhancing its influence in the TON network.
How much cash is there in total assets?
Verb Technology holds about 67 million USD in cash alongside the majority of its assets being Toncoin.
Source: https://tintucbitcoin.com/ton-verb-technology-so-huu-780-trieu-usd/
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