TLDR
- TONX rebounds after buyback and Toncoin staking boost investor confidence.
- TON Strategy kicks off $250M buyback, launches Toncoin staking for yield.
- TONX dips then rebounds as share repurchase and staking plans roll out.
- Buyback and staking drive TONX recovery, highlighting digital asset pivot.
- TON Strategy strengthens treasury model with $250M buyback, $TON staking.
TON Strategy Co (Nasdaq: TONX) saw its stock close at $7.24 on September 12, marking a sharp 9.27% drop. However, the stock rebounded in after-hours trading, rising 3.87% to reach $7.52 by 6:41 PM EDT.
TON Strategy Co (Nasdaq: TONX)
The movement followed key announcements regarding share buybacks and the initiation of staking operations.
The company confirmed the repurchase of over 250,000 shares under its $250 million buyback program launched on September 8, 2025. TONX acquired the shares at an average price of $8.32, below its total asset value (TAV) of $12.181 per share. The move underscores the company’s focus on strategic capital allocation and shareholder value enhancement.
TON Strategy Co also initiated staking of its Toncoin ($TON) treasury holdings to generate recurring on-chain income. This transition supports the company’s plan to contribute to network security while enhancing revenue streams actively. By staking, TONX positions itself to earn yield in the form of additional $TON, reinforcing its long-term model.
Share Repurchase Strategy Highlights Financial Position
Under the new repurchase program, TONX may repurchase up to $250 million worth of its common stock. The company appointed Cantor Fitzgerald & Co. as a non-exclusive agent to execute repurchases under applicable regulations. The program allows flexibility for open-market or alternative purchases based on market conditions.
The decision to buy back stock below TAV signals strong confidence in the company’s balance sheet and intrinsic value. This strategy aims to gradually enhance value per share while maintaining capital strength for further treasury expansion. Management framed the buyback as a deliberate step in a disciplined capital plan.
TONX emphasized the buybacks as part of a broader commitment to compounding long-term shareholder value. The company links its repurchase strategy directly to its treasury growth and operational resilience. The move came amid broader access to $TON across platforms like Gemini, Robinhood, and Zengo.
Staking Launch Expands Revenue Model
TONX began staking its $TON holdings to earn yield while reinforcing network security in the TON blockchain. This marks a new phase in the firm’s capital strategy, complementing asset appreciation with consistent staking income. The approach adds a recurring revenue source to the company’s financial structure.
The company aims to compound this yield alongside its growing $TON treasury, creating a sustainable income engine over time. Management views this step as a logical extension of its treasury-focused mission and digital asset commitment. This aligns with TONX’s vision of being an active, long-term participant in the TON ecosystem.
TONX directly contributes to The Open Network’s security while enhancing treasury returns. The company’s staking activity demonstrates both operational capability and confidence in blockchain-based income generation. It further strengthens the company’s role within the digital financial ecosystem.
TON Strategy Co. rebranded from Verb Technology and began trading as TONX on Nasdaq on September 2, 2025. The company completed a $558 million private placement to support its transition into a digital asset treasury model. TONX became the first listed firm to adopt $TON as its primary treasury reserve asset.
