Verb Technology Company (Nasdaq: VERB) has announced significant changes, including accumulating $713 million in Toncoin. This decision is part of a new strategy with a rebranding to TON Strategy Company.
Strategic Ambition: Seizing 5% of TON’s Circulating Supply
VERB aims to own over 5% of TON’s circulating supply, positioning itself as one of the largest single holders of the token globally. The company's strategy includes increasing its stake through capital market activities, staking rewards, and reinvestment of cash flows.
Why TON, and Why Now?
Toncoin serves as the exclusive blockchain powering Telegram’s Mini App ecosystem, granting broad utility for payments and NFTs. This popularity and potential make Toncoin attractive for investment and treasury storage.
What This Means Moving Forward?
Key aspects include the growing interest of institutional investors in cryptocurrencies, the creation of a dual-revenue model, and a balanced financial position with $67 million in cash. Supporting the TON network also signals a long-term commitment to Web3 infrastructure growth.
The transformation of Verb Technology Company showcases a new approach in how publicly traded companies integrate deeply with blockchain ecosystems. By acquiring $713 million in Toncoin and focusing on TON, the company is paving the way for institutional investments in the crypto space.
