The shares of Verb Technology Company increased by more than 200 % during the day on Monday, after it announced a $ 558 million pipe deal and a hub towards encryption.
Social Trade Company He said It plans to rename the brand as Ton Strategy Co. , As it became the first cabinet reserve for the audience for Toncoin (TonThe original symbol of the Blockchain ecosystem in Telegram.
The offer included about 58.7 million shares, and the price of pre -funded orders at $ 9.51. The investor’s enthusiasm on the company’s transfer to encryption to the shares rose to $ 29.33 before settling to about 27 dollars at the time of writing this report, According to To Google Finance.
The increase in the increase in the increase in the acquisition and support of a ton as the origin of the company’s primary cabinet, as it aims to take advantage of institutional interests in non -original reserves in Blockchain.
Related to: TON Wallet is heading directly to Telegram users in us
Investors invest alignment
Many major investors in the $ 558 million deal have direct relationships with Toncoin and the Telegram ecological system, indicating that the Verb axis is part of a coordinated strategy to bring TON to public markets.
Kingsway Capital led the tour. The CEO of Kingsway, Manuel Stotz, is the president of the TON Foundation Foundation. Stotz will take over the position of CEO of Ton Ton Strategy.
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“Telegram is the favorite Apostle of the growing global encryption community, and the ton is the currency that operates the ecosystem of the gram.” “Permanent capital compounds are especially suitable for long -term property of $ TON, which not only have the ability to reduce value, but also provide a return on registration.”
Among the other investors, Blockchain.com, who will join the CEO of Peter Smith as a special consultant for TON Strategy Co. , And Vy CapitalLong supporter of Telegram. additional Participants Such as animoca brands and Open platform (higher) A direct partnership with the TON Foundation was held on games, distinctive assets, and integrated mini applications for telegram.
Related to: The role of Telegram Ecoystem in the future of Web3 – interview with Catizen
Cod treasury companies high
The Verb axis follows a growing trend for public companies that have begun to keep the cabinet assets as assets, which reflects the increasing trend for companies investing in Crypto Beyond Bitcoin. This momentum accelerated in late July, when at least 16 companies have announced plans To raise or publish more than $ 7.8 billion in encryption.
Several companies have moved to the ether (Eth(Last week, including BTCS Inc. , Which made the sale of up to two billion dollars of shares, and Sarplink Gaming, which bought $ 338 million from ETH via a deal.
Ton Inc. Last week Plan to raise one billion dollars To purchase TRX, the original symbol of the TON network. Almost at the same time, VAPE Canadian CEA said it would raise $ 400 million to cancel up to $ 1.25 billion to buy, and send the BNB BNB code to buy, and send it Stocks 550 %.
Mill City Ventures III has been completed A $ 450 million deal To convert its concentration towards obtaining sui, while CEMTREX Inc. 1 million dollars Solana revealed (Teller) Buy, with plans to expand his position to $ 10 million.
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