Verb Technology announces a $558 million deal to establish a public treasury reserve for Toncoin (TON), causing the token’s value to drop 7.6%. TON Strategy Co aims to become one of the largest TON holders, betting on the token as the exclusive blockchain for Telegram’s vast ecosystem. Despite the deal being backed by heavyweights like Kingsway Capital and Ribbit Capital, investor response has been muted. The TON community is now looking at public treasury companies for growth potential.
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