TON Strategy Company, which recently completed its rebranding and changed its Nasdaq ticker to TONX, announced the launch of a large-scale share buyback program of up to $250 million. This decision was unanimously approved by the company’s board of directors, emphasizing a strategic focus on supporting shareholder value and stability during periods of market volatility.
This is reported by Business • Media
Emphasis on Supporting Shareholders and Strategic Investments
The share buyback, which can be executed both on the open market and through other legally permitted methods, aims to enhance the net asset value per share (NAV/share). The company notes that this move allows for more flexible responses to market fluctuations: in the event of shares trading at a premium to NAV, new shares may be issued to invest in Toncoin, while in the case of a discount, the company may buy back its own shares to stabilize the price.
“We adhere to a disciplined capital allocation strategy and aim to utilize the company’s balance sheet to enhance value for shareholders by increasing NAV per share. If shares are trading at a premium to NAV, the company may consider issuing new shares to purchase TON coins. At the same time, if the shares are trading at a discount, the company may buy back its own shares. The buyback program provides us with a tool for this.”
TON Strategy Company – Public Treasury of Toncoin and Key Player in the Telegram Ecosystem
The updated strategy of TON Strategy Company focuses on Toncoin, which has been confirmed by both the ticker change to TONX on September 2, 2025, and significant investments in TON. The company has already invested $713 million in Toncoin, aiming to control over 5% of the coin supply and establish itself as the public treasury fund for TON.
The company’s mission is to accumulate Toncoin and provide investors with the opportunity to contribute to supporting the TON ecosystem, which is closely integrated into the Telegram messenger, boasting over 1 billion active users monthly.
CEO Manuel Stotz emphasizes the connection between Toncoin and Telegram’s infrastructure:
“Telegram is the best messenger for the growing global crypto community, and TON is the currency on which its ecosystem is built. Permanent capital tools are particularly suitable for long-term investments in TON, which not only has growth potential but also generates returns from staking.”
In August, the company successfully completed a private placement of $558 million, attracting over 110 institutional and crypto-oriented investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and others. This further underscores the strategic nature and significant potential of TON Strategy Company in developing the TON ecosystem and attracting a wide range of investors.