TON Strategy Company (TONX) Stock Buyback Announcement
TON Strategy Company (TONX) has repurchased more than 250,000 shares of its common stock at a price of $8.32 per share. This figure is significantly lower than its stated treasury asset value (TAV) of $12.18, as the company revealed.
This action is a part of its recently initiated $250 million buyback program and aligns with its strategy to position toncoin as the company’s primary treasury asset.
Staking and Yield Opportunities
The company also disclosed that it has started staking its TON holdings to earn rewards while contributing to the security of blockchain networks, effectively utilizing idle treasury assets to generate a yield.
According to data from StakingRewards, the yield could reach as high as 4.8%. As stated on the company’s website, it possesses 217.5 million TON tokens, which are currently trading at $3.24 each. If the entire treasury were staked, this could result in an annual yield of approximately $34 million.
Stock Performance
TON Strategy shares have declined by over 43% in the past 30 days and experienced a 9.2% drop during Friday’s trading session.
However, TONX shares have risen by 3.7% in after-hours trading.
