- TON Strategy Company repurchased over 250,000 shares at $8.32 each, below its treasury asset value of $12.18.
- The share buyback is part of a $250 million program following the company’s strategic shift to hold Toncoin (TON) as its main treasury asset.
- The company has started staking its TON holdings to earn yield by supporting blockchain security.
- Staking rewards for TON could reach up to 4.8%, potentially delivering annual income of about $34 million based on current holdings and token price.
- TONX shares fell over 43% in the past month but saw a 3.7% increase in after-hours trading after the buyback announcement.
TON Strategy Company (TONX) has repurchased more than 250,000 shares of its common stock at $8.32 per share, which is significantly lower than its reported treasury asset value (TAV) of $12.18. This transaction is part of a newly launched $250 million share buyback program.
The company made this move after shifting its treasury strategy to prioritize holding toncoin (TON) as its main asset. According to an official statement, the buyback aims to take advantage of the current stock price, which is below the company’s asset value.
TON Strategy Company also started staking its TON holdings, meaning it is using its cryptocurrency reserves to help validate blockchain transactions and, in return, earn yield on those assets. Staking rewards, based on data from StakingRewards, can reach up to 4.8%.
On its website, the company reported owning 217.5 million TON tokens, with each trading at $3.24. This haul could generate an estimated $34 million in yearly income if the entire amount is staked for rewards.
Shares of TON Strategy Company have declined more than 43% during the last 30 days. Following the share buyback announcement, the stock gained 3.7% in after-hours trading.
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