TON Strategy Launches Share Buyback and Starts Staking Treasury Tokens
TON Strategy Company (TONX) has repurchased over 250,000 shares at $8.32 each, well 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 designate toncoin (TON) as its main treasury asset.
In addition, TONX has begun staking its 217.5 million TON tokens to earn rewards while helping secure blockchain networks. Data from StakingRewards indicates potential yields of up to 4.8%. With TON trading at $3.24, staking the full treasury could generate around $34 million annually.
TONX shares have struggled recently, down over 43% in the past 30 days, with a 9.2% drop during Friday’s session. After-hours trading showed a 3.7% rebound.
By combining share repurchases with staking, TONX aims to support its stock price while generating yield from its treasury assets, reflecting a broader strategy to strengthen investor confidence amid market volatility.
