• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Verb Technology Raises $558 Million and Becomes TON Strategy Co.

user avatar

by Giorgi Kostiuk

2 hours ago


Nasdaq-listed Verb Technology has successfully raised approximately $558 million through a private placement and plans to rebrand as TON Strategy Co.

Capital Raise & Rebranding

Verb sold approximately 58.7 million shares at $9.51 each, attracting over 110 institutional and crypto-native investors. The transition to the new name is planned to complete around August 7, 2025.

TON Reserve Focus

TON Strategy Co. will allocate the bulk of proceeds to acquire Toncoin, targeting about 5% of its circulating supply, becoming one of the largest TON holders globally. The firm will also use staking strategies to generate potential 3-5% annual yield.

Institutional Support & Risks

Major backers include Kingsway Capital, Vy Capital, Blockchain.com, and Ribbit Capital. Approximately 36% of shares will be locked up for 6-12 months to ensure long-term alignment. Key risks include market volatility and regulatory uncertainties associated with the shift toward crypto treasury management.

The rebranding of Verb Technology to TON Strategy Co. marks a significant move into the digital asset space, providing institutional investors access to Toncoin and opening new opportunities in asset management.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Solana, Sui, and BlockDAG: Current Trends and Analysis in the Crypto Industry

chest

Recent updates indicate that Solana faces technical pressure, Sui is building quantum security, and BlockDAG offers real-time interaction before August 11.

user avatarGiorgi Kostiuk

Ruvi AI: Opportunities and Unique Offerings of the New Token

chest

Ruvi AI is a rapidly growing AI-based token offering unique opportunities for content creators and investors.

user avatarGiorgi Kostiuk

Spartans Introduce Unique Casino Experience with Live Dealers and Instant Withdrawals

chest

Spartans set new standards in online gambling with HD live dealers and instant payouts, standing out from traditional bonuses offered by BetMGM and Bet365.

user avatarGiorgi Kostiuk

Access BlockDAG's New Trading Platform with TRADEBDAG Code

chest

BlockDAG launches its trading platform and offers users a unique TRADEBDAG code for demo access and BDAG token purchase.

user avatarGiorgi Kostiuk

Hyperliquid's $2 Million User Refund After API Outage

chest

Decentralized exchange Hyperliquid has refunded nearly $2 million to users after a brief API outage that halted trading.

user avatarGiorgi Kostiuk

Ruvi AI: The Latest Cryptocurrency That Could Outperform Tron

chest

Ruvi AI has passed an audit and been listed on CoinMarketCap, drawing investor attention and creating a buzz in the crypto market.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.