Verb Technology disclosed holdings worth $713 million in TON and $67 million in cash

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

Previously, Verb Technology completed a $558 million private placement on August 8, with over 110 institutional and crypto-native investors participating. The company used most of the funds raised from the private placement to purchase TON as its primary treasury reserve asset. The goal is to accumulate over 5% of the circulating supply of TON.