TON’s $780M Treasury & Ledger Live Staking Boost Momentum
The Open Network (TON) has strengthened its market position with two major developments. Verb Technology Company revealed a treasury of over $780 million, holding $713 million in Toncoin and $67 million in cash. This marks the first publicly traded firm to adopt Toncoin as its primary reserve asset. Verb plans to build up to 5% of TON’s circulating supply and increase Toncoin per share through staking rewards and treasury management.
Meanwhile, Ledger Live launched native TON staking, lowering the minimum entry to just 10 TON from 300,000 TON. The service offers non-custodial staking with institutional-grade security, 36-hour activation and withdrawal times, and an annual yield of around 4.7%.
On-chain indicators are also improving. Data from CryptoQuant shows TON’s Sharpe ratio turned positive in August, while daily active addresses are rising. Additionally, Telegram’s integration of TON for Mini Apps, wallets and payments brings TON to over one billion users. Together, these developments set the stage for renewed growth and trader interest in TON.
Bullish
This news is bullish for TON on several fronts. A $780 million treasury in Toncoin signals strong institutional commitment, similar to how MicroStrategy’s Bitcoin reserve boosted BTC confidence. Lowering the staking minimum to 10 TON via Ledger Live removes barriers for retail investors and should spur short-term staking inflows. Positive on-chain metrics, like a flipped Sharpe ratio and rising active addresses, point to growing network momentum. Finally, Telegram’s exclusive integration brings unmatched mainstream exposure. Collectively, these factors are likely to drive both immediate demand and long-term adoption of TON.