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Verb Technology Company, Inc. (NASDAQ:VERB) (to be renamed Ton Strategy Company) (the "Company") today announced treasury assets exceeding $780 million, including $713 million1 of Toncoin ($TON), the native cryptocurrency of The Open Network ("TON") Blockchain, and $67 million of cash. This is an important milestone in the Company's implementation of its previously announced $TON treasury strategy.
Today's news follows the Company's August 8 closing of a $558 million private placement joined by more than 110 institutional and crypto-native investors. The Company used the majority of proceeds from the private placement to acquire $TON as its primary treasury reserve asset.
Posted In: VERB
