TON Strategy Co Raises $558M to Build Toncoin Treasury
TON Strategy Co (Nasdaq: VERB), formerly Verb Technology, closed a $558 million PIPE investment and rebranded to become the first public company with a Toncoin treasury. The firm sold 58.7 million shares and pre-funded warrants at $9.51 each. Proceeds will fund its Toncoin treasury and support staking yields. The company also plans partnerships with Animoca Brands and The Open Platform to integrate Toncoin into gaming and Telegram Mini Apps. This move follows Telegram’s TON Wallet launch for 87 million US users and saw TON Strategy’s stock jump over 200% intraday. Executive Chair Manuel Stotz and advisors such as Blockchain.com’s Peter Smith back the plan. Traders should watch Toncoin markets for volatility and inflows as institutional adoption grows.
Bullish
The establishment of a dedicated Toncoin treasury backed by a $558 million PIPE investment signals strong institutional support. The rebrand to TON Strategy Co, high-profile partnerships, and over 200% intraday stock surge highlight growing confidence in Toncoin. Staking yields and integration with Telegram’s 87 million-user wallet further enhance demand. These factors suggest bullish momentum for Toncoin, driving both short-term price spikes and long-term adoption.