Verb Technology Company, the Toncoin (Ton) acquisition company, said it has accumulated about $713 million and $607 million in cash, and has accumulated assets totaling over $780 million.
The company completed a private placement of $558 million in August, bringing its share price up more than 200%. A majority of these funds were used to buy TON, according to a announcement Thursday.
The verb set a goal to issue corporate debt and stocks and earn more rewards, earning 5% of Altcoin’s circular supply, about 128 million tokens.
Verb stock price. sauce: Yahoo Finance
The Altcoin Treasury Companies continue to multiply, and some see an opportunity for Wall Street to be exposed to cryptocurrency, split investors, and beat the return from holding Crypto directly.
High debt levels of crypto-holding companies could create a cascade of liquidation in the event of a market slump that adversely affects digital assets and stock prices, potentially leading to an extended crypto-bear market.
Related: Sharplink shares will decline by 12% in second quarter crypto impairment losses
Companies will diversify into Altcoins with a variety of benefits
Several companies announced Altcoin Treasury Strategies in August and expanded their reservoirs, with investors receiving mixed reactions to adopting the Altcoin Treasury policy.
Bitcoin (BTC) mining company Bit Mining announced its first acquisition of Solana (SOL) along with several other companies that increased Sol exposure on August 5th.
Vivopower, a publicly-owned energy company, expanded its XRP (XRP) Treasury ministry in August, causing a 32% rise in its share price.
Financial Technology Company’s Alt5 Sigma Corporation has raised $1.5 billion in capital to fund the World Liberty Financial (WLFI) Corporate Treasury. WLFI is a governance token of decentralized financial protocols supported by members of the family of US President Donald Trump.
Drink company Safety Shot announced plans to buy Bonk Memecoin as a reserve asset for the Treasury, causing the company’s shares to plummet by more than 50%.
Windtree Therapeutics, a BNB (BNB) financing company, fell 77% on Wednesday after the NASDAQ Stock Exchange said it was listed because it didn’t meet compliance standards.
magazine: Altcoin season 2025 is pretty much here…but the rules have changed
