PANews reported on August 21st that Verb Technology (Nasdaq: VERB) now holds over $780 million in assets, including $713 million in Toncoin (TON) and $67 million in cash. This marks a significant milestone in the company's strategy for advancing its TON blockchain. Previously, the company completed a $558 million private placement on August 8th , using the majority of the funds to purchase TON as its primary reserve asset. The company plans to accumulate over 5% of TON's circulating supply, becoming a significant participant in the TON network. Furthermore, the company plans to gradually increase the amount of TON held per share through cash flow reinvestment and staking rewards.PANews reported on August 21st that Verb Technology (Nasdaq: VERB) now holds over $780 million in assets, including $713 million in Toncoin (TON) and $67 million in cash. This marks a significant milestone in the company's strategy for advancing its TON blockchain. Previously, the company completed a $558 million private placement on August 8th , using the majority of the funds to purchase TON as its primary reserve asset. The company plans to accumulate over 5% of TON's circulating supply, becoming a significant participant in the TON network. Furthermore, the company plans to gradually increase the amount of TON held per share through cash flow reinvestment and staking rewards.
Verb Technology holds $780 million in assets, including $713 million in TON
PANews reported on August 21st that Verb Technology (Nasdaq: VERB) now holds over $780 million in assets, including $713 million in Toncoin (TON) and $67 million in cash. This marks a significant milestone in the company's strategy for advancing its TON blockchain. Previously, the company completed a $558 million private placement on August 8th , using the majority of the funds to purchase TON as its primary reserve asset. The company plans to accumulate over 5% of TON's circulating supply, becoming a significant participant in the TON network. Furthermore, the company plans to gradually increase the amount of TON held per share through cash flow reinvestment and staking rewards.
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