Verb Technology discloses holdings of $713 million in TON and $67 million in cash

According to ChainCatcher, Verb Technology Company, Inc. (NASDAQ: VERB, soon to be renamed Ton Strategy Company) announced today that the company’s treasury assets have exceeded $780 million, including $713 million in Toncoin (TON) and $67 million in cash.

Previously, on August 8, Verb Technology completed a $558 million private placement, with participation from over 110 institutional and crypto-native investors. The company allocated the majority of the private placement proceeds to purchase TON, making it the primary treasury reserve asset. The goal is to accumulate more than 5% of TON’s circulating supply.