TON Strategy Executes Buybacks and Begins Staking to Generate Onchain Revenue
TON Strategy Company (Nasdaq: TONX) said it has repurchased over 250,000 shares of common stock under its previously announced 250 million buyback program at an average price of $8.32 per share, notably below the company’s Treasury Asset Value (TAV) per share of $12.18.
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Altcoin Treasuries, News Bytes - 5, Toncoin (TON)
The Las Vegas‑based digital asset treasury firm also began staking its toncoin (TON) holdings to generate recurring onchain revenue in addition to long‑term treasury appreciation, a move management says transforms passive accumulation into yield‑generating participation in The Open Network. TON Strategy noted the buybacks and staking form part of a disciplined capital‑allocation strategy intended to compound value per share while maintaining resources to grow its TON treasury. The company appointed Cantor Fitzgerald as a non‑exclusive repurchase agent and reiterated risks tied to TAV metrics and market dynamics.
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