Happy Wednesday Everyone!
To mark the start of September, we have just announced a $250 million stock repurchase program, underscoring our commitment to, and conviction in, TON Strategy Co’s (Nasdaq: $TONX) strategy and vision.
Our Executive Chairman @manuelstotz said it best: "We are committed to a disciplined capital allocation strategy and look to use our balance sheet to enhance shareholder value by growing NAV/share. Subject to market conditions, among other factors, if the stock trades at a premium to NAV, the company may consider issuing stock to buy $TON. Conversely, the company may consider repurchasing its own stock if it trades at a discount to NAV. The repurchase program provides us with a tool to enable us to do so.”
We are steadily accumulating $TON, building the world’s first and largest treasury holding of the asset. As a result, we are one of the strongest supporters of, and infrastructure providers in, the TON ecosystem, which through its exclusive partnership with Telegram and its 1B+ users is redefining what the future of a fully tokenized economy looks like.
Link to the full announcement:
https://www.businesswire.com/news/home/20250903021822/en/TON-Strategy-Company-Approves-%24250-Million-Stock-Repurchase-Program-After-Ticker-Change
Post #12
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