Nasdaq Reprimands TON Treasury for $558 Million Stock Sale, Crypto Buy
Update: 2025-11-03
Description
TON Strategy, formerly Verb Technology, faces Nasdaq warning after aggressive cryptocurrency investments. The company, now focused on Toncoin, raised funds through a PIPE deal, purchasing over $820 million worth of Toncoin without shareholder approval. Despite no intent to break rules, Nasdaq issues a warning, leaving investors to question the longevity of corporate crypto buying hype.
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