VERB Technology Acquires $780 Million in Toncoin, Aims for 5% of Circulating Supply

VERB Technology has secured a significant investment in Toncoin (TON), amassing over $780 million in assets. This comes after the company’s recent private placement raised $558 million, fueling their growth and strategic expansion. The firm now holds approximately $713 million worth of TON alongside $67 million in cash reserves, signaling a significant commitment to the cryptocurrency. VERB plans to utilize a portion of this capital to acquire roughly 5% of Toncoin’s circulating supply, about 128 million tokens, through debt and equity issuance. The company also intends to generate additional yield by staking its TON holdings.