Verb, Ton Treasury Company, announces more than $ 780m on assets

Verb Technology Company, a Toncoin (Ton) Acquisition Company, said it accumulated about $ 713 million in tons and $ 67 million cash, worth more than $ 780 million in ownership.

The company completed a $ 558 million private placement In August, shipping its sharing price by more than 200%. Most of these funds were used to buy tons, according to Thursday announcement.

Verb has set a target to obtain 5% of the transfer supply -transfer of altcoin, about 128 million tokens, by releasing corporate debt and equity and staking to earn more reward.

Altcoin treasury companies continue to spread, providing exposure to Wall Street in cryptocurrencies, and leaving investors divided, with some see a chance to beat returns from direct crypto handling and other investors Warning or survival.

High levels of debt in corporations holding crypto can create a cascade of prevention in the event of a market collapse that negatively affects digital properties and equity prices, which potentially leads to a Extended crypto bear market.

Related: Sharpink shares decreases 12% with a disability loss in Q2 Crypto

Companies varying with altcoins, with mix -a -all effects

Many companies announced Altcoin treasury techniques or expanded their reserves in August, and investors mixed reactions to the adoption of Altcoin treasury policies.

Bit mining, a bitcoin (Btc) mining company, announced its first acquisition with Solana (Sol) on August 5, along with many other companies that increased their exposure to the sol.

Vivopowera publicly exchanged energy company, expanded its XRP (XRP) Treasury in August, which triggered a 32% increase in its sharing price.