Las Vegas, NV – September 29, 2025
TON Strategy Company (Nasdaq: TONX), a leading digital asset treasury firm dedicated to accumulating and managing Toncoin ($TON) reserves, announced significant progress in its staking operations and share repurchase program today. The company revealed that it has staked 82% of its $TON holdings, with plans to fully deploy all reserves by October 10, 2025, positioning it to generate substantial recurring revenue.
TON Strategy Company Projects Significant Staking Returns by October 2025
According to the company’s latest update, full staking is projected to yield approximately $24 million in annualized staking revenues, assuming stable $TON spot prices and current network yields. This income stream will be directed toward enhancing shareholder value, particularly through opportunistic stock buybacks when TONX shares trade at a discount to the company’s net asset value (NAV). “This is part of our strategy to steadily increase shareholder value by combining permanent capital, disciplined capital allocation, and recurring on-chain income,” said Veronika Kapustina, Chief Executive Officer of TON Strategy Company.
The staking initiative builds on TON Strategy’s pivot to a $TON-focused treasury model earlier this year. Formerly known as Verb Technology Company, the firm rebranded and shifted its strategy in August 2025 following a $558 million private placement led by Kingsway Capital Partners. This infusion enabled the acquisition of over $713 million worth of $TON tokens, representing about 8.5% of the token’s circulating supply at the time. $TON, the native cryptocurrency of The Open Network (TON)—Telegram’s blockchain ecosystem—has seen growing adoption, powering mini-apps, GameFi projects, and tokenized services within the messenger’s billion-user base.
Complementing the staking announcement, TON Strategy reported aggressive execution of its $250 million stock repurchase program, authorized by the board on September 3, 2025, and formally launched on September 12. Since inception, the company has repurchased 1,505,500 shares, primarily at prices below its treasury asset value per share (TAV), which stood at $12.18 as of September 11, 2025. Initial repurchases, totaling over 250,000 shares, were executed at an average of $8.32 per share, capitalizing on a 40% share price decline earlier in the month. Cantor Fitzgerald & Co. serves as the non-exclusive buyback agent, facilitating open-market transactions in compliance with securities regulations.
As of September 7, 2025, TON Strategy held 61,062,637 shares outstanding, along with 1,677,996 pre-funded warrants, with $56.6 million in cash on hand to support ongoing operations and repurchases. The program aims to reduce shares outstanding, thereby boosting earnings per share and NAV, especially during periods of market volatility. Manuel Stotz, Executive Chairman, emphasized the approach in a recent statement: “Publishing our treasury asset value per share highlights our focus on transparency… while underscoring the progress we’ve made in building TON Strategy Company into the leading public-market vehicle for $TON.”
TONX shares, which began trading under the new ticker on September 2, 2025, experienced a 7.5% dip following the initial buyback disclosure but have shown signs of stabilization amid broader crypto market recovery. The company’s treasury now values $TON holdings at over $761 million, based on a spot price of $3.24 as of late September. Analysts note that staking rewards, estimated at a 4.8% APY, could provide a sustainable funding mechanism for future buybacks, aligning with strategies employed by other crypto treasury firms like MicroStrategy.
The announcements come at a pivotal moment for the TON ecosystem, which has attracted investments from entities like Bitget and Foresight Ventures, who committed $30 million to $TON acquisitions in September 2024. TON’s total value locked (TVL) has surged in recent months, signaling potential for explosive growth in the next three to five years, according to industry observers.
TON Strategy Company, headquartered in Las Vegas, continues to position itself as the premier publicly traded gateway to $TON, emphasizing long-term accumulation, staking participation, and ecosystem support. Investors are advised to review the company’s SEC filings, including its Form 10-K for the year ended December 31, 2024, and Form 10-Q for the quarter ended June 30, 2025, for detailed risk factors related to digital asset volatility and market conditions.
