Well, here’s something you don’t see every day. VERB Technology Company, which has essentially positioned itself as a Toncoin acquisition firm, just announced its current holdings. And the numbers are, frankly, pretty staggering. They’re sitting on roughly $713 million in TON and another $67 million in cash. That puts their total assets over the $780 million mark. It makes you wonder about the strategy behind it all.
A Massive Bet on a Single Coin
Back in August, VERB completed a huge private placement, raising $558 million. The move sent their stock price through the roof, gaining more than 200%. Now we know where a big chunk of that money went: straight into buying more Toncoin. The company isn’t being shy about its ambitions, either. Their stated goal is to eventually control 5% of the altcoin’s entire circulating supply. That’s about 128 million tokens.
They plan to get there by issuing corporate debt and equity, and also by staking their current holdings to earn more. It’s a bold play, concentrating so heavily on one asset. Perhaps they see something others don’t.
The Growing Trend of Crypto Treasuries
VERB is far from alone in this new corporate strategy. A whole crop of companies are now diving into altcoins for their treasury reserves, giving traditional stock market investors a way to get crypto exposure without actually buying it. But investors are split right down the middle on whether this is a genius move or a ticking time bomb.
On one hand, some see it as a chance to maybe outperform simply holding crypto directly. On the other, there’s a real fear of overleveraging. If the market takes a sharp turn south, high debt levels at these corporations could trigger a cascade of liquidations. That wouldn’t just hurt their stock prices—it could potentially drag down digital asset prices for a long time, leading to a prolonged bear market. The risks are very real.
Mixed Results Across the Board
Looking at other companies that made similar moves recently, the outcomes have been all over the map. It’s a real mixed bag. Bit Mining, known for Bitcoin, bought Solana for the first time in early August. Energy company VivoPower expanded its XRP treasury, and its share price jumped 32% afterward.
But then you have the other side of the coin. Safety Shot, a beverage company, announced plans to buy the BONK memecoin as a treasury asset. Its shares immediately cratered, dropping over 50%. And just this past Wednesday, Windtree Therapeutics, which held BNB, fell 77% after Nasdaq announced it would be delisted for not meeting compliance standards.
So it seems this strategy is still very much in its experimental phase. For every success story, there’s a cautionary tale. It’s a high-stakes game that depends entirely on market sentiment and, let’s be honest, a bit of luck.
