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TON Strategy Starts Share Buyback, Treasury Staking After Shares Plunge 40%
Yahoo Finance· 2025-09-13 23:52
TON Strategy Company (TONX) has repurchased over 250,000 shares of its common stock at $8.32 per share, well below its stated treasury asset value (TAV) of $12.18, the company said. The move is part of its recently launched $250 million buyback program and follows its pivot to position toncoin (TON) as the company’s primary treasury asset. The company also announced that it has begun staking its TON holdings to earn rewards by helping secure the blockchain networks, effectively using idle treasury asse ...