Verb Technology Creates Largest Public Reserve in Toncoin for $558 Million
Date: 2025-08-05 Author: Henry Casey Categories: BUSINESS
Verb Technology has announced a large-scale financing of about $558 million, the purpose of which will be the formation of a public treasury reserve in Toncoin (TON). As part of the deal, it is planned to change the company's name to TON Strategy Co., and the completion of all procedures is expected on August 7, 2025.
More than 110 investors, including key players such as Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital and Graticule (GAMA), took part in the placement. The funds from the financing will be used mainly to purchase Toncoin, which will allow the company to become one of the largest holders of the token and receive income from its staking.
TON Strategy Co. expects that such a step will ensure not only the stability of the asset, but also long-term profitability. According to the company's executive chairman Manuel Stotz, Toncoin has growth potential and the ability to generate stable income, which makes it an attractive asset for long-term capital allocation.
The deal includes the issuance of almost 58.7 million shares at a price of $9.51 per share, which corresponds to the market value on August 1, 2025. Thus, the company expects to generate a stable capital flow to manage reserves.
Toncoin, the native token of the TON blockchain, is used in the Telegram ecosystem for various purposes - from paying for advertising services to managing digital assets, including NFTs and usernames. The company emphasizes its commitment to transparency, legal compliance, and an open policy for asset verification.
Amid this news, Toncoin unexpectedly showed a decline - its price fell by 4.3% in two hours and reached $3.4. Despite the current decline, the market capitalization of the asset remains at $8.2 billion, although the token has lost more than 40% in value since the beginning of the year.
The company emphasizes that its strategic goal is to become the main institutional manager of TON treasury reserves, thereby exerting a significant influence on the development of the entire ecosystem.
Earlier, a similar initiative was announced by the Ton Foundation, announcing the creation of a $400 million Toncoin reserve. This indicates the growing interest of major players in the development of the TON and Telegram infrastructure.
