Backed by a $558 million private placement that tripled its share price, VERB plans to capture 5% of TON’s circulating supply through debt, equity, and staking. The move is part of the rising trend of corporate altcoin treasuries, with mixed outcomes across different industries. Some firms like VivoPower saw stock surges after adding crypto, while others, including Safety Shot and Windtree Therapeutics, suffered steep declines after more risky altcoin bets.
VERB Tech Commits to Toncoin
VERB Technology Company announced that it accumulated roughly $713 million worth of Toncoin (TON) alongside $67 million in cash reserves, bringing its total assets to more than $780 million. The company revealed that most of this capital came from a $558 million private placement that was completed in August, which sent its share price surging by over 200%.
A majority of the funds raised were allocated to purchasing TON, and VERB plans to capture 5% of the token’s circulating supply — around 128 million coins — through a combination of corporate debt, equity issuance, and staking activities.
Announcement from VERB Technologies
The strategy forms part of the growing trend of corporations adopting altcoin treasury policies, which sparked some debate among investors. Supporters see these moves as opportunities for companies to outperform traditional crypto holdings, while skeptics warn that high levels of debt-backed crypto exposure could trigger cascading liquidations if markets turn downward, amplifying risks for both equities and digital assets.
August saw several other firms expand into altcoin treasuries with mixed market reactions. Bitcoin mining firm Bit Mining announced its first Solana acquisition, joining a wave of companies increasing their exposure to the network. Energy company VivoPower boosted its XRP holdings, which coincided with a 32% surge in its share price. Meanwhile, ALT5 Sigma Corporation raised $1.5 billion to back World Liberty Financial (WLFI), a DeFi governance token linked to members of US President Donald Trump’s family.
Not all corporate treasury bets paid off. Safety Shot, a beverage company, faced a sharp backlash after revealing plans to add the BONK meme coin to its reserves, with shares collapsing more than 50%. Biotech firm Windtree Therapeutics, which held BNB in its treasury, was hit even harder after losing 77% of its value after Nasdaq announced its delisting for compliance failures.
