Verb Technology holds $780 million in assets, including $713 million in TON

Verb Technology (Nasdaq: VERB) announced today that it now holds over $780 million in assets, including $713 million in Toncoin (TON) and $67 million in cash. This marks a significant milestone in the company's strategy for the TON blockchain. Previously, on August 8th, the company completed a $558 million private placement, with the majority of the funds allocated to the purchase of TON as its primary reserve asset. The company plans to accumulate over 5% of the circulating supply of TON, becoming a significant participant in the TON network. Furthermore, the company plans to gradually increase the number of TON tokens held per share through cash flow reinvestment and staking rewards.