VERB Technology Company has emerged as one of the largest corporate holders of Toncoin (TON), disclosing that it now controls about $713 million worth of the altcoin along with $67 million in cash reserves—bringing its total assets to more than $780 million.
According to Thursday’s announcement, a substantial portion of the capital raised was deployed into Toncoin purchases. The company’s accumulation follows a $558 million private placement completed in August, which sent its stock price soaring over 200%.
“Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON,” said Manuel Stotz, Executive Chairman of the Company.
“This is more than building a balance sheet; it’s about contributing to the security of TON blockchain – where participants can build, transact, and benefit directly from the underlying financial protocols.”
VERB has set its sights on capturing around 5% of Toncoin’s circulating supply—roughly 128 million tokens—through a mix of corporate debt and equity issuance, while also staking its holdings to generate additional yield.
August saw a flurry of similar announcements from publicly traded firms. Bit Mining disclosed its first Solana (SOL) purchase on August 5, joining other companies expanding SOL exposure. Energy firm VivoPower boosted its XRP reserves, sparking a 32% rally in its share price.
Meanwhile, fintech company ALT5 Sigma raised $1.5 billion in equity to build out its World Liberty Financial (WLFI) treasury, the governance token of a DeFi project backed by members of U.S. President Donald Trump’s family.
Not all moves yielded positive results. Beverage maker Safety Shot’s plan to add the BONK memecoin to its reserves sent its shares tumbling more than 50%. Biotech firm Windtree Therapeutics, which previously adopted BNB (BNB) as a treasury asset, lost 77% of its value this week after Nasdaq announced its delisting for noncompliance.
The accelerating adoption of altcoin treasury policies signals Wall Street’s deepening flirtation with digital assets, though with outcomes that range from soaring stock rallies to steep collapses.
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