๐ Verb Technology acquires $713M in Toncoin๐ธ๐ต
๐ฐ Acquisition
Nasdaq-listed Verb Technology has purchased $713M worth of Toncoin (TON), boosting its total treasury to $780M ($713M in TON + $67M cash).
๐ข Who They are?
Verb Technology is a digital communications and interactive video technology company that develops tools for live-stream commerce, sales enablement, and customer engagement. The firm is now pivoting toward blockchain-based treasury strategies, aligning its future with the TON ecosystem.
๐ฆ Strategy
The company, soon rebranding as Ton Strategy Company, targets holding over 5% of TONโs circulating supply, making it the first publicly traded TON treasury reserve.
๐ฏ Goals
Verb plans to expand its TON position through reinvested cash flows, staking rewards, and capital markets, aiming to strengthen TONโs blockchain economy.
๐ Market Impact
TON is trading around $3.29โ$3.30. While short-term performance has been mixed, Verbโs institutional-scale buy could act as price support, spark renewed investor interest, and potentially drive TON toward key resistance levels above $3.30.
โ Takeaways
โVerbโs acquisition shows institutional conviction in TONโs long-term value.
โWith over 5% of supply targeted, TONโs scarcity could increase โ a bullish factor.
โInstitutional demand like this often creates price stability and may fuel a medium-term rally if adoption momentum continues.
