$TONX intends to compound shareholder value by growing NAV/share - measured in $TON - our treasury reserve asset.

Having the ability to buyback our own stock - should there ever be a sufficiently attractive discount - is a key tool in our toolbox to deliver on this goal.

To better understand the importance of ‘intelligent capital allocation’ for long-term shareholder returns - I highly recommend reading “The Outsiders” - an excellent book by Will Thorndike. Digital assets just add another dimension to this framework.