TON Strategy (TONX) Company Report

Veronika Kapustina, the current CEO of TON Strategy Company, will transition out of her role, but will continue to serve during a transition period while a search for a new CEO is conducted.
The company has retained Intersection Partners to conduct the search for a new Chief Executive Officer.
TON Strategy Company plans to expand its Board of Directors by adding additional independent directors.
Heidrick and Struggles has been retained to lead the search for these new independent directors.

Jan 28, 2026, 9:15 PM

TON Strategy Company Reports Third Quarter 2025 Financial Results and Updates on TON Treasury Strategy

TONX

Earnings

Share Buyback

New Projects/Investments

TON Strategy Company reported net income of $84.7 million for the third quarter ended September 30, 2025, a significant increase from a net loss of $2.0 million in Q3 2024.
Revenue for Q3 2025 totaled $3.6 million, which included $707,000 from staking activities.
As of September 30, 2025, the company held digital assets with a fair value of $588.2 million, having acquired 217.5 million units of $TON and staked 177.1 million units of $TON.
The company approved a $250 million stock buyback program and repurchased 1,984,072 shares.

Nov 12, 2025, 1:10 PM

TON Strategy Co. Announces Staking of TON Reserves and Share Repurchase Program

TONX

Share Buyback

New Projects/Investments

TON Strategy Company has staked 82% of its Toncoin ($TON) reserves, with plans to have substantially all reserves staked by October 10, 2025, to generate yield.
The cash flows generated from staking are intended to fund ongoing share repurchases when the company's stock trades at a significant discount to its net asset value (NAV).
Since the September 12, 2025, buyback program announcement, TON Strategy Company has repurchased 1,505,500 shares.
The company estimates that staking all $TON holdings could generate approximately $24 million in annualized staking revenues.
As of September 26, 2025, the Treasury Asset Value (TAV) per share was $10.37, cash balances were $56.6 million, and the share count was approximately 61 million.

Sep 29, 2025, 1:00 PM

TON Strategy Co announces initial share repurchases and start of staking

TONX

Share Buyback

New Projects/Investments

TON Strategy Company has repurchased over 250,000 shares of its common stock under its $250 million share repurchase program.
The shares were repurchased at an average price of $8.32 per share, which is below the company's Treasury Asset Value (TAV) per share of $12.18 as of September 11, 2025.
The company has also commenced staking its Toncoin ($TON) holdings to generate recurring on-chain revenues, marking a new phase in its capital allocation strategy.