Verb Technology Rebrands and Reports Significant Treasury Assets

According to BlockBeats, Verb Technology Company, Inc., listed on NASDAQ as VERB, has announced its rebranding to Ton Strategy Company. The company disclosed that its treasury assets have surpassed $780 million, comprising $713 million in Toncoin (TON) and $67 million in cash. Earlier, on August 8, Verb Technology completed a private placement raising $558 million, with participation from over 110 institutional and crypto-native investors. The majority of the funds from this private placement were used to acquire TON, positioning it as the primary reserve asset in the company's treasury. The company's objective is to accumulate more than 5% of TON's circulating supply.