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Verb Technology Raises $558M for Toncoin Treasury Pivot

Guavy AI Editorial Team
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TON STRD
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Nasdaq-listed Verb Technology is making significant strides in its integration with Toncoin, raising $558 million to become the first public company holding Toncoin as its primary treasury asset.

The funds will be used to acquire Toncoin and generate staking rewards. The company will rebrand as TON Strategy Co. after the August 7 deal closes.

Over 110 institutional investors participated, led by Kingsway Capital with backing from Blockchain.com, Ribbit Capital, and Pantera.

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