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Ton Strategy Co (NASDAQ:TONX), a $245 million market cap company whose stock has declined over 43% year-to-date, announced the results of its 2025 Annual Meeting of Stockholders held Friday. According to a press release statement based on a recent SEC filing, stockholders voted on four proposals. InvestingPro data shows the company currently trades at $4.13, significantly below its 52-week high of $29.77.
For the election of directors, stockholders elected Manuel Stotz, Nicolas Cary, Rory J. Cutaia, Tucker Highfield, and Evan Sohn to serve until the next annual meeting or until successors are elected and qualified. Vote totals for each director ranged from 35,559,727 to 36,938,203 in favor, with between 1,907,257 and 3,285,733 votes withheld. There were 3,380,025 broker non-votes for each director nominee. According to InvestingPro analysis, while TONX operates with moderate debt levels and maintains strong liquidity, the company’s overall financial health score remains weak at 1.68 out of 5. Get access to 12 more exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.
Stockholders also approved, on a non-binding, advisory basis, the compensation of the company’s named executive officers. The vote was 36,434,345 in favor, 2,407,058 against, and 4,057 abstentions, with 3,380,025 broker non-votes.
On the frequency of future advisory votes regarding executive compensation, stockholders approved holding such votes every year. The breakdown was 36,996,287 for one year, 2,017 for two years, and 3,915 for three years, with 1,843,241 abstentions and 3,380,025 broker non-votes. The company stated that, consistent with the board’s recommendation and the stockholder vote, future advisory votes on executive compensation will be held annually until the next required frequency vote.
Lastly, stockholders ratified the selection of Grassi & Co., CPAs, P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote was 40,203,855 in favor, 2,020,421 against, and 1,209 abstentions.
All information in this article is based on a press release statement and the company’s SEC filing.
In other recent news, Ton Strategy Company reported a treasury asset value of $11.90 per share, highlighting its ongoing focus on digital assets. The company has been actively repurchasing shares, acquiring over 250,000 shares at an average price of $8.32 per share, which is below its treasury asset value per share. This activity is part of a $250 million share buyback program, with Cantor Fitzgerald & Co. engaged as the non-exclusive buyback agent. Additionally, Ton Strategy has staked 82% of its Toncoin reserves to generate yield for this repurchase program, estimating potential annualized staking revenues of approximately $24 million.
In another development, Ton Strategy received a notice from Nasdaq for noncompliance with shareholder approval rules related to a PIPE financing completed in August 2025. The company also underwent management changes, including a new Executive Chairman and a long-term advisory agreement. Furthermore, Toncoin, the cryptocurrency associated with Ton Strategy, is now available for trading on platforms such as Gemini, Robinhood, and Zengo. These listings aim to broaden access to Toncoin beyond institutional investors, potentially increasing its market reach.
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