{"id":25818,"date":"2025-08-04T18:03:44","date_gmt":"2025-08-04T15:03:44","guid":{"rendered":"https:\/\/forklog.com\/en\/ton-drops-8-following-verb-technologys-reserve-announcement\/"},"modified":"2025-08-04T18:03:44","modified_gmt":"2025-08-04T15:03:44","slug":"ton-drops-8-following-verb-technologys-reserve-announcement","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ton-drops-8-following-verb-technologys-reserve-announcement\/","title":{"rendered":"TON Drops 8% Following Verb Technology&#8217;s Reserve Announcement"},"content":{"rendered":"<p>The native token of The Open Network (TON) fell by 7.9% following the announcement of <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/08\/04\/3126545\/0\/en\/Verb-Technology-Company-Nasdaq-VERB-Announces-Approximately-558-Million-Private-Placement-to-Establish-First-Publicly-Listed-TON-Treasury-Strategy-Company-in-Partnership-with-Kings.html\">plans<\/a> by Nasdaq-listed Verb Technology to become the first publicly listed holder of the coin as a primary reserve asset.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd7oMiUPOzR_DxhJlwcEyMvTyfD9tqCaVeuR0nFFdMVFzdEAnc8P4788LlBTl7b7QDeGSQMAXk5iLiKxWw8GWAeF8IDC8kBufl7Cx2twt3w7GhgTYpweTdhZX08Yps4S3yeKDiTew?key=frZfwjuDcjq-B2X8Tmba2w\" alt=\"TON Drops 8% Following Verb Technology's Reserve Announcement\"\/><figcaption class=\"wp-element-caption\">15-minute chart of TON\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ATONUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, TON is trading at $3.4, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\">CoinGecko<\/a>. The market capitalization of the coin stands at $8.1 billion.<\/p>\n<p>According to the press release, Verb Technology will rebrand to TON Strategy and raise $558 million through a private placement. The majority of the funds will be directed towards purchasing TON and generating income from staking.<\/p>\n<p>The investment round was led by Kingsway Capital with participation from Blockchain.com, Vy Capital, Ribbit Capital, Graticule, Pantera, ParaFi, Animoca Brands, and other industry players.<\/p>\n<p>The planned assets in TON will account for about 5% of the market value of the circulating supply. Meanwhile, 77% of the raised funds will be retained in cash reserves by the company.<\/p>\n<p>Manuel Stotz, head of Kingsway Capital and president of the TON Foundation, will become the executive chairman. Peter Smith, CEO of Blockchain.com, will join as a special advisor. The CEO position will be filled by former TON Foundation advisor Veronika Kapustina, and Sarah Olsen from JPMorgan will become the CFO.<\/p>\n<p>Back in July, authorities in the UAE <a href=\"https:\/\/forklog.com\/en\/news\/uae-denies-issuing-golden-visas-for-toncoin-investments\">denied<\/a> the announcement by The Open Network Foundation regarding the issuance of &#8220;golden visas&#8221; for staking Toncoin. The foundation <a href=\"https:\/\/forklog.com\/en\/news\/ton-foundation-clarifies-uae-golden-visa-initiative\">clarified<\/a> that the program is a private initiative and not affiliated with the country&#8217;s government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The native token of The Open Network (TON) fell by 7.9% following the announcement of plans by Nasdaq-listed Verb Technology to become the first publicly listed holder of the coin as a primary reserve asset. 15-minute chart of TON\/USDT on Binance. Source: TradingView. At the time of writing, TON is trading at $3.4, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1473,1364],"class_list":["post-25818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-reserve-currencies","tag-the-open-network"],"aioseo_notices":[],"amp_enabled":true,"views":"80","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25818"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25817"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}