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Institutional players dominate market trends with dib-buying activities after the current broad market decline.
NASDAQ-listed Verb Technology, which will soon rebrand to Ton Strategy Company, has revealed a key milestone that aligns its vision with the Telegram-based blockchain.
The livestreaming firm has disclosed that its treasury assets have surpassed $780 million, with the Open Network’s native token accounting for the most at $713 million.
JUST IN:
Publicly traded Verb Technology buys $713,000,000 worth of $TON for its treasury. pic.twitter.com/6FzOWVAjDL
— Whale Insider (@WhaleInsider) August 21, 2025
It holds the remaining $67 million in cash.
The development has attracted attention as it follows Verb’s $558 million private placement early this month.
The fundraising drew crypto-oriented investors and over 110 institutions, confirming trust in Verb’s digital asset strategy and the Toncoin project.
Commenting on the milestone, Verb’s Executive Chairman Manuel Stotz stated:
Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON. This is more than building a balance sheet; it’s about contributing to the security of TON blockchain – where participants can build, transact, and benefit directly from the underlying financial protocols.
Verb Technology plans to be the central player in the Open Network ecosystem.
It plans to acquire over 5% of Toncoin’s circulating supply (currently at 2.56 billion tokens).
That would make Verb a top participant in securing the TON blockchain.
Moreover, the company plans to add its Toncoin balance on a per-share basis over time, leveraging staking rewards, disciplined market activity, and cash flow reinvestment.
That would ensure Verb’s active participation in supporting the platform’s infrastructure while benefiting from maximized returns.
Stotz added:
By becoming the first and largest publicly traded treasury reserve of TON, VERN is not just holding TON on its balance sheet – we are helping to strengthen the economic foundation of the network itself.
Verb Technology isn’t zeroing in on a random digital asset.
Toncoin remains the first coin to receive support from a leading social site.
Dogecoin appears to have failed in its fight to become X’s (formerly Twitter) payment token.
Telegram, the leading messaging platform with around 1 billion active users per month, collaborated with the Ton Foundation to make Toncoin the sole asset powering its ecosystem.
The integration enriched the alt’s utility, now the backbone for payments, wallets, and emerging decentralized applications (dApps) within Telegram.
The use cases likely elevated TON’s institutional appeal.
Recently, Coinbase Ventures endorsed Toncoin as the ideal token for fueling cryptocurrency adoption.
The alt trades at $3.30, reflecting the prevailing broad market declines.
Meanwhile, the minor 0.71% price increase signals a possible momentum shift as the community digests Verb’s updates.
TON could see brief gains in the near term, but the broad market outlook suggests short-lived gains.
Nonetheless, institutional interest positions Toncoin for impressive growth and price performance in the coming months and years.
The Bolt food and grocery delivery service is billed to bring comfort to homes as it promises a swift 15 minutes timeframe between placement for orders and actually door delivery.
Bolt, the popular ride-hailing services firm from Estonia, has raised the sum of €600 million (US$713 million) in a new funding round as led by both new and existing investors to develop its grocery delivery service. According to a report by CNBC, investors including Venture capital firm Sequoia and fund managers Tekne and Ghisallo took part in this latest financing, while existing investors G Squared, D1 Capital, and Naya also shored up their stakes.
Per the report, the reiterated its mission to make urban transport more sustainable for all.
“Bolt’s mission is to make urban travel affordable and sustainable,” said Markus Villig, Bolt’s CEO and founder. “We are building a future where people are not forced to buy cars that cause traffic and pollution, but use on-demand transport when they actually need it.”
Per the report, the firm aims to use the funding to develop its new venture, the Bolt Market, an on-demand grocery delivery service that will be launched in 10 European countries. These nations include Croatia, Sweden, Romania, and Portugal will be amongst the pioneer of the next generation of Bolt services billed to also span into bike rentals.
Evolution is the name of the game, and Bolt’s diversification into household grocery delivery services will help it compete with other notable competitors including Uber Technologies Inc (NYSE: UBER), and Free Now. The new service is a part of the suite of offerings billed to turn the Bolt platform into a Super App.
Bolt’s earlier investors including the World Bank and the European Investment Bank pivotal to the company’s growth since its inception in 2013. According to CNBC, the latest funding round has earned the startup a valuation of $4.75 billion, up from the $2 billion it recorded in its last private financing.
The Bolt food and grocery delivery service is billed to bring comfort to homes as it promises a swift 15 minutes timeframe between placement for orders and actually door delivery.
“Orders are assembled in a matter of minutes. It is a lovely service for people who want to make porridge at home but discover they have run out of milk. It’s a way of getting the milk you need in 10-15 minutes, and perhaps a few more items your fridge is missing. It is not a place for a family’s weekly shopping but rather the rebirth of the corner grocery store – convenience and speed is what is added by the delivery service,” said Jevgeni Kabanov, chief of product development at Bolt
When the service becomes fully functional, customers would be able to shop on Bolt Market as a viable alternative to a small supermarket. According to Kabanov, as many as 1000 to 2000 items will be up for order, a list that is bound to be expanded over time.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.