- TON Strategy is raising $558 million to become the first public company to hold Toncoin as its main treasury asset.
- The move supports Telegram’s Web3 expansion and strengthens Toncoin’s role in blockchain payments and mini-apps.
Verb Technology will rebrand as TON Strategy on August 7. The company is raising $558 million to buy Toncoin and use it as a treasury asset. This makes it the first public firm to hold Toncoin at the center of its financial strategy.
Major Investors Back the Toncoin Deal
Over 110 institutions joined the raise. Key backers include Kingsway Capital, Blockchain.com, Ribbit Capital, and Pantera. TON Strategy plans to buy Toncoin and earn from staking. Its holdings will equal about 5% of Toncoin’s circulating market value.
Telegram uses Toncoin to run its Web3 infrastructure. This includes mini-apps, digital payments, and blockchain services. With over 1 billion users, Telegram gives Toncoin massive exposure and real-world utility.
New Leadership Guides the Shift
Veronika Kapustina, a former TON Foundation advisor, becomes CEO. Peter Smith from Blockchain.com will join as a special advisor. Their experience adds strength to TON Strategy’s bold move.
Toncoin trades at $3.40 and holds an $8.2 billion market cap. It ranks 26th among all cryptocurrencies. With new institutional support and deeper Telegram integration, Toncoin may rise in adoption and value.
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