TON Reacts to 40% Plunge with Share Buyback and Treasury Staking

TON Strategy Launches $250M Share Buyback, Begins Staking TON Treasury

TON Strategy Company (TONX) has repurchased over 250,000 shares at $8.32 each, below its treasury asset value (TAV) of $12.18, the company said Friday. The buyback is part of a $250 million program and follows TONX’s move to designate toncoin (TON) as its primary treasury asset.

The company has also begun staking its 217.5 million TON tokens, earning rewards while helping secure blockchain networks. According to StakingRewards, yields could reach 4.8%. With TON trading at $3.24, staking the full treasury could generate roughly $34 million annually.

TONX shares have fallen more than 43% over the past month and dropped 9.2% in Friday’s session, though after-hours trading showed a 3.7% rebound.

By combining share repurchases with staking, TONX aims to support its stock while generating yield from treasury assets, signaling a broader strategy to boost investor confidence amid market volatility.