Verb is creating a audacious game, increasing half a billion to reject Tonquine’s largest public holder. The oversbird deal led by Crypto Heavyweight states that institutions saw the ton as the next Big Reserve Asset.
Summary
- The action technology increases $ 558 million to become the largest public holder of tonquine.
- Kingsway Capital, Blockchain.com and more than 110 investors supported by oversBsed pipe rounds jumps 100%.
- The firm plans to rebrand as ton strategy cum. And put your ton holdings at stake for yield.
On August 4, Nasdaq-Listed Verb Technology Company Inc. It announced that it has achieved about $ 558 million through a waste and oversbud private placement to establish the first Nasdaq-listed Treasury strategy for Tonquine (Ton).
Supported by more than 110 institutional investors, including pipe offer and Blockchain.com and Rebit Capital, led by Kingsway Capital, will see the action pivot from their social commerce roots to the largest corporate holders of the native tokens of the open network. For Yahoo Finance Data, the shares of the verb increased the news by 100% as the markets digested the bet.
Why the verb is going all-in on the crypto ecosystem of tons
The change of action technology towards tonquine can be seen as a strategic reinforcement. For the company’s again on August 4, the $ 558 million raised in pipe transactions will be directed by an active tourist ton, which replaces the activities dedicated to a struggling Livestream Commerce firm, dedicated to a struggling livestream commerce firm, a publicly listed Treasury vehicle.
Timing ISN’K accountal. Earlier this year, Telegram, now with one billion monthly users, made the ton its exclusive blockchain partner. The deal created tons the only supported series for telegram advertisements in most of the counties, in-app digital assets such as user names and only settlement layer for NFT, and Telegram the only payment rail embedded in the new mini-app ecosystem.
With two tons of wallets now basically integrated into the messenger, involved for users, the infrastructure has gone quietly. This network action is tying itself.
By acquiring tonquine as Treasury Reserve Asset, soon the retained ton strategy to be held. Planning to work as a type of institutional wrappers for crypto assets. After the deal closure around 7 August, the company hopes that it will put it at stake to generate returns
“Telegram is a favorite messenger for the global Crypto community and a ton is the currency called by the company’s upcoming executive chairman, Telegram Ecosysters, Manual Stotes.” In my decision, permanent capital vehicles are particularly suitable for long -term holdings of tons, which is not only on the capacity of compounds in value, which means TSC means. award. ,
For the press release, Stotes also serves as the chairman of the Tho Ton Foundation and is the founder of Kingswe Capital, especially leading an executive team created for this axis.
The upcoming CEO Veronica Kapustina served as a senior consultant of the first Ton Foundation and brought an investment banking experience from Mortgan Stanley. Sarah Olsen, former head of corporate development in OneX by JP Morgan, will serve as CFO. Peter Smith, CEO of Blockchain.com, will be included as a special advisor, another long -time tonne backer.