VERB $558M PIPE get fund di First Toncoin Treasury
VERB wey dey for Nasdaq don raise $558 million through PIPE financing to convert dia treasury to Toncoin (TON), become di first public company wey adopt dis Telegram-backed token as dia main reserve asset. Di company issue 58.7 million shares at $9.51 each go over 110 institutional investors wey Kingsway Capital dey lead, plus Blockchain.com, Ribbit Capital and Kraken join. After di deal wey dem expect to finish by August 7, VERB go change name to TON Strategy Co. but go still dey trade with VERB ticker. About 77% of di money go hold for cash and dem target 5% of Toncoin circulating market cap. Di money go use buy and stake around 166 million TON at di current price through The Open Network PoS mechanism. After di announcement, VERB shares jump 115%, show say di story strong well well. Toncoin price try wobble $4 resistance but e come fall 5.8% reach about $3.35. Traders suppose watch how Toncoin price go bounce back cos steady demand go important to maintain di premium for VERB market value.
Bullish
Dis big $558 million PIPE financing plus di plan to convert VERB treasury to Toncoin na clear clear sign say over 110 institutional investors dey trust am, e dey boost demand and reduce di available supply. Di rebrand to TON Strategy Co. and di staking plan for The Open Network PoS mechanism dey add long-term yield appeal. Even though short-term profit-taking cause 5.8% pullback, di strong share-price response and di storyline momentum dey show say di market get strong bullish feeling for Toncoin. Overall, institutional backing, staking incentives and di narrative-driven market interest dey point to positive outlook.