Home Crypto News Verb Technology Buys $713M in Toncoin to Build Nasdaq-Listed TON Treasury

Verb Technology Buys $713M in Toncoin to Build Nasdaq-Listed TON Treasury

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Verb Technology, a Nasdaq-listed company soon to rebrand as Ton Strategy Company, has announced a major expansion of its digital asset reserves. The firm now holds $780 million in treasury assets, including a massive $713 million in Toncoin (TON) and $67 million in cash. This move underlines the company’s commitment to its new TON treasury strategy, aiming to position itself as a leading institutional player in the TON ecosystem.

Verb Technology’s TON Treasury Expansion

According to an official press release, Verb Technology finalized a $713 million Toncoin purchase alongside $67 million in cash reserves that may be used for additional acquisitions. The move follows the company’s recent $558 million private placement on August 8, which attracted more than 110 institutional and crypto-native investors. The majority of proceeds went directly into building the TON treasury, now set to become the company’s primary reserve asset.

Verb’s management has ambitious plans to accumulate over 5% of Toncoin’s circulating supply, a goal that would make the company one of the largest and most influential holders of TON. Future growth in holdings is expected through staking rewards, reinvested cash flows, and capital market activity.

As the first publicly traded treasury reserve for Toncoin, Verb Technology is positioning itself not only as a major holder but also as a key contributor to strengthening the TON blockchain’s ecosystem. Executive Chairman Manuel Stotz emphasized that crossing $780 million in assets just days after the private placement shows strong conviction in TON:

“This is more than just building a balance sheet; it’s about contributing to the security and adoption of the TON blockchain, where participants can transact, build, and directly benefit from its financial protocols.”

Toncoin Price Outlook

At the time of writing, Toncoin (TON) trades at $3.29, reflecting a modest 0.4% daily gain, according to Coingecko. However, TON remains down 4% over the past week and 6.5% over the last month. Despite this, Verb Technology’s large-scale acquisition could act as a catalyst for renewed momentum, potentially driving the price above its immediate resistance near $3.30.

Institutional demand often brings both stability and long-term growth to digital assets. With Verb’s bold treasury strategy and confidence in TON’s fundamentals, the market may soon see stronger adoption and renewed price optimism around Toncoin.