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LAS VEGAS - Toncoin ($TON), the native cryptocurrency of The Open Network, is now available for trading on Gemini, Robinhood, and Zengo digital asset platforms, according to a press release from TON Strategy Company (NASDAQ:TONX), a company currently valued at approximately $500 million in market capitalization. According to InvestingPro data, the stock has shown significant volatility, with a 65% gain over the past six months despite recent pullbacks.
The listings expand access to $TON, currently ranked among the top 25 cryptocurrencies by market capitalization, to retail investors beyond institutional holders. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 3.34, while analysts project substantial revenue growth for the current fiscal year.
"Today marks an important moment for the TON ecosystem, with $TON now more accessible to millions of investors through three widely used platforms," said Manuel Stotz, Executive Chairman of TON Strategy Company, in the press release statement.
TON is a Layer-1 blockchain integrated with Telegram, which has over 1 billion monthly active users. The token powers payments, digital property, and decentralized applications on the messaging platform.
TON Strategy Company, which became publicly traded following a $558 million private placement, focuses on accumulating Toncoin for long-term investment. The company currently holds $780 million in treasury assets, calculated as the sum of its $TON holdings plus cash on hand as of August 20, 2025. InvestingPro analysis indicates the company operates with moderate debt levels and maintains a Financial Health Score that suggests careful monitoring is warranted. Subscribers can access 12 additional ProTips and comprehensive valuation metrics through the Pro Research Report.
The company recently announced an up to $250 million stock buyback program and published goals to surpass 5% of TON supply in treasury holdings.
TON Strategy Company continues to operate its legacy business units, including MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, an AI-powered social commerce platform.
The information in this article is based on a press release statement from TON Strategy Company.
In other recent news, TON Strategy Company, formerly known as Verb Technology, reported treasury assets exceeding $780 million, primarily consisting of $713 million in Toncoin and $67 million in cash. The company recently closed a $558 million private placement to bolster its Toncoin reserves, attracting over 110 institutional and crypto-native investors. Additionally, TON Strategy Company announced a $250 million stock repurchase program, which has been unanimously approved by its board of directors. Cantor Fitzgerald & Co. has been engaged as the non-exclusive buyback agent for this initiative. The company has also outlined a vision to exceed 5% of the total Toncoin supply and expand its staking revenues. Executive Chairman Manuel Stotz emphasized Toncoin’s role as the "economic backbone" of Telegram, highlighting its potential for over 1 billion monthly active users. The company’s treasury asset value per share was reported at $11.90. These developments reflect the company’s strategic focus on leveraging Toncoin as a core asset.
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