TON Strategy Company outlines vision to exceed 5% of TON supply

LAS VEGAS - TON Strategy Company (NASDAQ:TONX), whose stock has shown significant volatility with a 119% surge over the past six months despite a recent 25% weekly decline according to InvestingPro data, has published a video and presentation slides of Executive Chairman Manuel Stotz’s first Chairman’s Message outlining the company’s strategy and vision for its Toncoin ($TON) holdings.

In his address, Stotz detailed plans to exceed 5% of TON supply, expand staking revenues, and potentially pursue tokenization of the company’s own stock. He positioned $TON as the "economic backbone" of Telegram, enabling its more than 1 billion monthly active users to transact, hold stablecoins, and access applications within the messaging platform.

The company, which recently rebranded and changed its ticker to TONX, reported $780 million in treasury assets and currently holds more than 217 million $TON. With a current ratio of 3.34 and moderate debt levels, the company maintains strong liquidity to support its operations. Management expects to generate staking revenues from these holdings and plans to develop proprietary staking infrastructure to capture additional value. InvestingPro analysis indicates the company currently trades at premium valuations, with 12 additional key insights available to subscribers.

Stotz highlighted $TON’s integration with Telegram as a key advantage, comparing its potential to the super app evolution seen in Asia. Despite proven use cases in stablecoin payments, digital property, and mini apps, he noted that $TON remains 60% below its all-time high.

TON Strategy Company completed a $558 million PIPE (Private Investment in Public Equity) transaction that closed on August 7, launched an up to $1 billion at-the-market program, and approved an up to $250 million stock buyback program.

The company describes itself as "the first and largest listed permanent capital vehicle for $TON" while maintaining legacy business units including MARKET.live and LyveCom.

This article is based on information from a company press release.

In other recent news, TON Strategy Company has launched a $250 million stock buyback program. The company’s board of directors unanimously approved this initiative, allowing repurchases through open market transactions or other means. This move comes after Verb Technology, now renamed TON Strategy Company, reported treasury assets exceeding $780 million, primarily consisting of $713 million in Toncoin and $67 million in cash. Recently, the company closed a $558 million private placement to establish a publicly traded treasury reserve of Toncoin. This transaction involved more than 110 institutional and crypto-native investors and was led by Kingsway Capital, with participation from firms such as Vy Capital and Blockchain.com. The private placement was oversubscribed, pricing approximately 58.7 million shares of common stock. The company intends to use the majority of the proceeds from this transaction to acquire Toncoin, further solidifying its position in the digital asset space. These developments mark a significant shift in the company’s strategy and financial positioning.

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