Verb Technology (VERB), an artificial intelligence (AI)-powered, video-based technology company, is poised to make a significant leap in the crypto space.
Verb Technology plans to rebrand as TON Strategy Co. (TSC) and collaborate with Kingsway Capital to implement a treasury strategy specifically for Toncoin, the native cryptocurrency of The Open Network (TON) blockchain.
This pricing reflects the market close as of August 1, 2025, and Verb Technology’s transaction is expected to close on or around August 7, 2025, subject to customary conditions.
The majority of the net proceeds from this offering will be allocated to acquiring TON coins, positioning the company as one of the largest holders of the cryptocurrency globally. This strategy aims to generate sustainable staking rewards, enhancing TSC’s cash flow while expanding its exposure to Toncoin.
This partnership allows millions of Telegram users to utilize Toncoin seamlessly within the social media app, making it the primary payment method for Telegram Ads and enabling creators to withdraw rewards directly.
Manuel Stotz, the incoming Executive Chairman, emphasized the advantages of permanent capital vehicles for long-term holdings of Toncoin. He highlighted the dual benefits of potential value appreciation and staking yield, allowing TSC to capitalize on the rewards generated by Toncoin.
According to Monday’s announcement, Verb Technology’s investment round attracted over 110 institutional and crypto-native investors, led by Kingsway Capital and anchored by prominent firms such as Vy Capital and Blockchain.com.
The artificial intelligence company also anticipates significant cash reserves to support the growth of its TON treasury post-launch.
Following the closing of the transaction, Verb Technology will continue to trade under the ticker “VERB” on the Nasdaq, with the new treasury strategy taking effect immediately.
Featured image from DALL-E, chart from TradingView.com
