Altcoin-treasury push: VERB’s TON-focused acquisition vehicle reports over $780 million in assets
VERB Technology Company — an acquisition vehicle focused on Toncoin (TON) — disclosed that it now holds roughly $713 million worth of TON alongside about $67 million in cash, bringing its reported assets to just over $780 million.
The firm completed a large private placement in August that raised $558 million, a financing event that sent VERB’s share price sharply higher (more than tripling at one point). VERB said most of the proceeds from that placement were directed into purchases of TON.
Looking ahead, VERB has set an ambitious goal: to obtain about 5% of TON’s circulating supply — roughly 128 million tokens — by using a mix of corporate debt issuance, equity offerings and staking programs designed to generate additional rewards.
This move comes amid a broader wave of publicly traded companies adopting “altcoin treasury” strategies to gain exposure to non‑Bitcoin tokens. Proponents argue such strategies offer a way for Wall Street investors to access potential upside without directly holding crypto, while critics warn the approach can leave companies dangerously exposed to token price swings and leverage-driven liquidations.
Market reaction to altcoin treasuries has been uneven. Some firms have seen share-price rallies after announcing token purchases, while others have experienced steep declines following risky or controversial moves. Recent examples cited alongside VERB include mining and energy companies that increased positions in tokens like Solana and XRP, as well as firms that pursued meme or governance tokens with mixed investor responses.
Analysts note a key risk: if heavily indebted public companies hold large altcoin positions and crypto prices fall sharply, forced asset sales or margin events could cascade through both digital-asset markets and equity markets, amplifying losses and contributing to a prolonged downturn.
As more public issuers explore token treasuries, investors and regulators are likely to continue scrutinizing balance-sheet strategies, disclosure practices and the potential systemic effects of concentrated altcoin holdings.
