Key Highlights
- TON Strategy approved $250M share buyback to enhance NAV/share.
- Company invested $713M in Toncoin, targeting 5% of total supply.
- Telegram integration gives public investors access to TON ecosystem.
TON Strategy Announces $250M Share Repurchase Program
TON Strategy Company (formerly Verb Technology Company Inc.) announced that its Board of Directors unanimously approved a share repurchase program of up to $250 million. The program allows the company to repurchase shares on the open market or through other legal means in accordance with applicable law.
The initiative aims to enhance shareholder value and net asset value per share (NAV), particularly during periods of high market volatility.
The company's executive chairman, Manuel Stotz, noted:
“We maintain a disciplined capital allocation strategy and seek to use the balance sheet to enhance shareholder value by growing NAV per share. If the stock trades at a premium to NAV, the company may consider issuing new shares to purchase TON coins. At the same time, if the stock trades at a discount, the company may repurchase its own shares. The repurchase program provides us with a tool to do so.”
Ticker Change and Toncoin Focus
The company changed its name and Nasdaq ticker to TON Strategy Company (TONX) on September 2, 2025, marking a key milestone in its transition to a strategy focused on Toncoin (TON).
The company previously invested $713 million in Toncoin and announced plans to control more than 5% of the coin supply, positioning itself as a public treasury fund for TON. TON Strategy emphasizes its mission to accumulate Toncoin and give public investors access to support the TON ecosystem, which is integrated into Telegram and serves over 1 billion monthly active users.
Telegram Integration and Institutional Support
Stotz previously stated:
“Telegram is the best messenger for the growing global crypto community, and TON is the currency that powers its ecosystem. Permanent capital instruments are especially suitable for long-term investments in TON, which not only has the potential for value growth but also brings returns from staking.”
In August, TON Strategy completed a $558 million private placement with participation from over 110 institutional and crypto-focused investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and others.
These moves position TON Strategy as a leading public treasury fund for Toncoin, offering investors exposure to the growing TON ecosystem while leveraging disciplined capital allocation to enhance shareholder value.
