Toncoin | Crypto

Nasdaq has reprimanded TON Strategy for its $272.7 million Toncoin purchase and PIPE deal, citing missed shareholder approval rules. TON Strategy, a publicly traded company that accumulates Telegram-linked Toncoin tokens and previously operated as Verb Technology Company, has been reprimanded by Nasdaq over rule violations related to its Toncoin purchases. Nasdaq has issued TON Strategy a letter of reprimand in connection with its $272.7 million Toncoin purchase and associated private investment in public equity (PIPE) financing. According to Nasdaq, TON Strategy failed to obtain shareholder approval for stock issuance under the PIPE financing to purchase Toncoin (TON), Nasdaq stated in an 8-K filing with the US Securities and Exchange Commission on Wednesday. Read more

Two Nasdaq-listed DATs are investing in The Open Network's native token, allocating millions to token reserves even as the asset and their share prices decline. Another publicly listed company is moving into the digital asset treasury market, targeting exposure to The Open Network native coin, even as the token’s price continues to slump. In a Thursday announcement, AlphaTON, formerly Portage Biotech, said it purchased $30 million worth of Toncoin (TON) tokens as part of its crypto accumulation strategy. The token is down roughly 13% over the past month. With the purchase, AlphaTON became the second Toncoin-focused digital asset treasury (DAT), joining TON Strategy Co., which rebranded from Verb Technology Company in August. Read more

The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin, according to a Bloomberg News report citing people familiar with the matter. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company […] The post Ton Foundation seeking $400M to setup public treasury company to accumulate Toncoin appeared first on CryptoSlate.

Toncoin holds above $2.87 as bulls eye $5.30 target. Rising trend, overbought signals, and wallet launch support outlook.

Toncoin rallies after former Visa executive joins TON Foundation, triggering a surge in volume and renewed market optimism.