Verb Technology Secures $558 Million for Toncoin Treasury: Impact Expected

Verb Technology, a Nasdaq-listed company, raised $558 million through a private placement to establish a dedicated Toncoin treasury. Rebranding as TON Strategy Co., the company now boasts institutional backing from entities like Kingsway Capital and Blockchain.com. This major move marks the first instance of a publicly traded company implementing a Toncoin-based treasury strategy. 50% growth in VERB stock price indicates significant investor interest in the project. Toncoin’s market value could be influenced by this shift, as it signals broader institutional involvement in the cryptocurrency and its governance.