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Verb Technology has secured $558 million in an oversubscribed private placement to transition into a Toncoin-focused treasury vehicle. The company will rebrand as TON Strategy Co. and aims to become the first publicly traded treasury reserve for TON. The move aligns with Telegram’s deepening integration with the TON blockchain.
- Verb Technology's $558M private placement will establish the first publicly traded Toncoin (TON) treasury reserve, rebranding as TON Strategy Co.
- Telegram's integration with TON, including wallet access for 87M US users, positions the blockchain for mainstream adoption within its 1B+ user ecosystem.
- Over 110 institutional investors, including Kingsway Capital and Pantera, backed the raise, with 36% of shares locked up post-close for 6-12 months.
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Other Tags: Guy Young, Pantera, Blockchain.com, Ethena Labs, FalconX, Nasdaq, Staking, Telegram, TON Foundation