Verb Technology holds $713 million worth of TON and $67 million in cash

According to Jinse Finance, Verb Technology Company, Inc. (NASDAQ: VERB, soon to be renamed Ton Strategy Company) announced today that its 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 has allocated the majority of the private placement proceeds to purchase TON as its primary treasury reserve asset. The goal is to accumulate more than 5% of TON’s circulating supply.