Nasdaq’s VERB Lines Up $558M to Load 5% of TON – Shares Rocket 193%

Key Points

1. Verb Technology (VERB) announced a $558M private placement to launch TON Strategy Co. (TSC), the first publicly listed Toncoin treasury strategy company.

2. The company plans to convert the bulk of the proceeds into Toncoin, the native token of The Open Network (TON), signaling a shift into blockchain-native treasury management.

3. TON is integrated into Telegram, powering Telegram Ads, tokenized assets, and TON Wallet for 87 million U.S. users, with over one billion monthly active users globally.

4. Toncoin ranks #33 by total value locked (TVL) on DeFi platforms, with a stablecoin market cap of $782.13 million, reflecting a 17% weekly gain.

5. The strategy mirrors SOL Strategies, which raised $500 million to fund its Solana (SOL) holdings, with 60% staked for yields between 6% and 8%.

6. Despite the announcement, Toncoin ($TON) fell 3.3% on the day, while VERB shares surged 193.38% to $27.40.