VERB, TON Treasury Company, Announces Over $780M in Assets
VERB Technology Company, a Toncoin acquisition company, disclosed that it has accumulated approximately $713 million in TON and $67 million in cash, totaling over $780 million in assets. This announcement followed an impressive surge in its share price, which increased by more than 200% in August. VERB aims to capture about 5% of the altcoin's circulating supply, approximately 128 million tokens, through corporate debt issuance, equity, and staking strategies intended to yield additional rewards. Meanwhile, public companies diversifying into altcoins have sparked varied investor reactions—while some view it as a chance to outperform traditional crypto holdings, concerns about high debt levels and potential market downturns persist. Various other companies, including Bit Mining and Safety Shot, have also made moves in the altcoin treasury space, reflecting the growing trend, but its mixed impact on share prices and market perception remains a point of contention among investors.
Source 🔗