TON Strategy Company stakes 82% of reserves to fund share buybacks

TON Strategy Company (NASDAQ: TONX) announced it has staked 82% of its Toncoin reserves and expects to stake substantially all holdings by October 10, 2025. The digital asset treasury company said staking proceeds will fund ongoing share repurchases when its stock trades below net asset value.

The company has purchased 1,505,500 shares since announcing its $250 million share repurchase program on September 12, 2025. TON Strategy estimates that staking all its Toncoin holdings could generate approximately $24 million in annualized revenues at current prices and yields.

"This is part of our strategy to steadily increase shareholder value by combining permanent capital, disciplined capital allocation, and recurring on-chain income," said Chief Executive Officer Veronika Kapustina in a statement.

As of September 26, the company reported Treasury Asset Value per share of $10.37, cash balances of $56.6 million, and approximately 61 million shares outstanding. The company believes staking all reserves could help achieve profitability on a forward basis, assuming current Toncoin prices and yields continue.

TON Strategy focuses on accumulating Toncoin, the native cryptocurrency of Telegram's platform. The company also operates legacy business units including MARKET.live, a livestream shopping platform, and LyveCom, an AI-powered social commerce platform.

Treasury Asset Value per share was calculated using a Toncoin price of $2.66 as of September 26, 2025, according to the company's press release.

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