The TON Foundation is collaborating with Kingsway Capital Partners to establish a new Toncoin treasury aimed at enhancing its treasury operations through private investments.
The initiative plans to raise up to 400 million USD, using a private investment in public equity (PIPE) strategy, which will focus on acquiring Toncoin, reflecting a shift toward digital assets.
Toncoin’s value has risen to 3.16 USD, with a market cap of 7.68 billion USD, reinforcing the need for liquidity improvement while navigating market volatility.
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