Verb Technology has announced the purchase of the TON cryptocurrency in the amount of $713 million. In the near future, the company plans to rename itself to TON Strategy and buy back up to 5% of the entire TON issue.
This strategic move followed a $558 million private equity offering completed on August 8, which was primarily used to acquire TON as a reserve asset.
The company is strengthening its influence in the TON network. Verb Technology also plans to increase its TON shares per share by reinvesting cash flow and staking rewards
