VERB Technology Company, a Toncoin (TON) acquisition company, has accumulated $713 million in TON and $67 million in cash, totaling over $780 million in assets. The company completed a $558 million private placement in August, sending its share price soaring by more than 200%. VERB aims to capture 5% of TON’s circulating supply.

Altcoin treasury companies are on the rise, attracting Wall Street attention to cryptocurrencies. However, investors are divided, with some seeing opportunities for better returns than directly holding crypto, while others warn of overleveraging. High debt levels among corporations holding crypto could trigger liquidations and negatively impact digital asset and equity prices.

Companies are diversifying into altcoins with mixed results. Bit Mining acquired Solana on Aug. 5, while other firms increased their SOL exposure. VivoPower expanded its XRP treasury, boosting its share price by 32%. ALT5 Sigma raised $1.5 billion for its World Liberty Financial treasury. Safety Shot’s plan to purchase BONK memecoin led to a 50% drop in shares. Windtree Therapeutics, a BNB treasury company, fell 77% after being delisted by Nasdaq.

Read more at Cointelegraph: VERB, TON Treasury Company, Announces Over $780M in Assets