TON Strategy Company implements a $250 million stock repurchase plan, and has repurchased more than 250,000 shares
Source: Htx
Time: 2025-09-12 21:07:10
Huobi HTX reported that TON Strategy Company (NASDAQ: TONX) announced that it has repurchased more than 250,000 common shares under the previously announced $250,000 stock repurchase program, with an average repurchase price of $8.32 per share.
The company also launched the TON staking business, which earns revenue by contributing the TON tokens held to network security and creates recurring on-chain revenue for the company. Executive Chairman Manuel Stotz said the buyback and pledge milestones demonstrated the company’s confidence in the durability of the balance sheet and the long-term opportunities.