TON Strategy Begins $250M Share Buyback and Stakes TON Treasury
TON Strategy Company (TONX) has repurchased more than 250,000 shares at $8.32 apiece, below its treasury asset value (TAV) of $12.18, the company announced Friday. The buyback is part of a $250 million program and follows TONX’s decision to make toncoin (TON) its primary treasury asset.
The company is also staking its treasury holdings—217.5 million TON tokens—to earn rewards and help secure blockchain networks. According to StakingRewards, yields could reach up to 4.8%. At TON’s current price of $3.24, fully staking the treasury could generate roughly $34 million annually.
TONX shares have struggled, falling more than 43% over the past month and dropping 9.2% in Friday’s session. After-hours trading showed a modest 3.7% recovery.
By combining share repurchases with staking, TONX aims to support its stock while generating yield from its digital assets, reflecting a broader strategy to strengthen investor confidence amid market volatility.
