Verb Technology Company, a Nasdaq-listed social commerce technology firm, announced a private placement raising approximately $558 million to establish the first publicly listed treasury strategy company dedicated to Toncoin ($TON). The company plans to rebrand as TON Strategy Co. and will use the proceeds to stockpile and stake Toncoin, marking a pioneering move as the first Nasdaq-listed treasury play for the Telegram-backed TON blockchain network. The private placement involved over 110 institutional and crypto-native investors, led by Kingsway Capital and anchored by Vy Capital. Verb Technology's stock surged significantly following the announcement, reflecting investor enthusiasm for the company's strategic pivot towards cryptocurrency treasury management.