TON Strategy (TONX)

NasdaqMarket Closed

TON Strategy Company is a listed digital-asset treasury and Web3 business whose strategy is tied to The Open Network, the blockchain commonly associated with Telegram’s large user ecosystem. The company’s treasury activity centres on Toncoin, the native token used for transactions, staking, and network incentives on TON. By holding and staking TON, the company seeks to participate in network validation economics while managing the operational, accounting, custody, and risk considerations that come with a public company holding digital assets.

The business is not limited to passive token ownership. TON Strategy Company also positions itself as an ecosystem participant, supporting commercial and consumer-facing Web3 initiatives that may benefit from TON’s emphasis on fast settlement, scalable applications, and integration with messaging-based user experiences. This gives the company exposure to the adoption of blockchain services such as payments, decentralised applications, and token-enabled commerce, while also leaving it sensitive to volatility in crypto markets and changes in regulation.

Its operations are reported across MARKET.live, Go Fund Yourself, and TON activities. MARKET.live is a multi-vendor livestream shopping platform that blends e-commerce, creator-led promotion, and video-based sales channels, and it accounts for the largest share of revenue. That segment gives the company an operating business outside its digital-asset treasury, while the TON segment reflects its strategic focus on blockchain infrastructure and Toncoin-related opportunities. For investors, TON Strategy Company stands out as a hybrid equity: part Web3 ecosystem play, part digital-asset treasury vehicle, and part social-commerce platform.

3.12USD
−0.28(-8.24%)

Last updated

Market Cap
$187,244,763
P/E
P/FCF
P/S
6.32
Enterprise Value
$158,439,763
Sector
Industry
Address
2300 WEST SAHARA AVENUE, LAS VEGAS, NV, 89102
globenewswire.com

TON Strategy Company Highlights Launch of Acton Developer Toolchain for the TON Ecosystem

19 May 2026, 20:00 PM
yahoo.com

TON Strategy Co. Q1 2026 Earnings Call Summary

13 May 2026, 00:58 AM
yahoo.com

AlphaTON Capital Rebrands to Alpha Compute, Expands AI Computing Business

20 Apr 2026, 23:16 PM
yahoo.com

TON Strategy Co. Q4 2025 Earnings Call Summary

01 Apr 2026, 20:30 PM
nasdaq.com

Tuesday Sector Laggards: Application Software, Information Technology Services

25 Mar 2026, 00:00 AM
globenewswire.com

TON Strategy Company Sets Fourth Quarter and Full Year 2025 Conference Call for Tuesday, March 31, 2026 at 9:00 a.m. ET

17 Mar 2026, 20:00 PM
yahoo.com

AlphaTON Capital: Capture the Best of Telegram Economics at a Steep Discount – Initiation Report

18 Dec 2025, 20:40 PM
globenewswire.com

Lucky Train Unveils Web3 project built on the TON blockchain that uses a staking-like participation model

18 Dec 2025, 19:00 PM
yahoo.com

Brookfield Asset Management (BAM) Q3 Earnings and Revenues Top Estimates

07 Nov 2025, 20:55 PM
yahoo.com

Nasdaq Reprimands TON Strategy Over $272M Toncoin Purchase

04 Nov 2025, 04:13 AM
yahoo.com

Nasdaq Reprimands TON Treasury for $558 Million Stock Sale, Crypto Buy

04 Nov 2025, 02:02 AM
yahoo.com

Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder

03 Nov 2025, 23:34 PM
yahoo.com

Burford Capital (BUR) Soars 5.6%: Is Further Upside Left in the Stock?

29 Oct 2025, 02:07 AM
yahoo.com

TON Strategy Starts Share Buyback, Treasury Staking After Shares Plunge 40%

13 Sept 2025, 23:52 PM
globenewswire.com

TONX (Formerly Verb) Exec Chairman Featured on CNBC ‘Squawk Box’ Asia

04 Sept 2025, 20:30 PM
Market Cap
$187,244,763
Enterprise Value
$158,439,763
P/E
P/B
0.47
P/S
6.32
EV / EBITDA
-5.21
EV / Sales
5.35
EPS
-2.89
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$324,195,000
ROE
-39.84%
ROA
-39.37%
Debt / Equity
0
Current Ratio
8.27
Quick Ratio
8.27
Cash
7.51
Avg Volume
$322,230
Fundamentals Snapshot Price
3.4

Income Statement

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Revenue15.02M5.25M5.74M3.61M0
Cost of revenue766K1.3M2.05M888K0
Gross profit14.25M3.96M3.69M2.72M0
Operating income479K-3.89M-9.14M-21.71M-1.26M
EBITDA464K-3.87M-5.67M-21.37M-1.53M
Net income76.75M-91.04M-227.88M83.27M-2.46M
Income taxes2K0-14.39M14.4M1K
Interest expense00000
Other operating expenses003.13M00
Total operating expenses13.77M7.84M12.84M24.43M1.26M
Basic EPS1.32-1.56-3.752.23-1.79
Diluted EPS1.31-1.56-3.752.23-1.79

Balance Sheet

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Total assets403.55M321.66M411.16M661.88M23.66M
Total liabilities5M5.1M4.77M22.42M4.31M
Total equity398.55M316.57M406.4M639.46M19.35M
Cash & equivalents28.81M34.78M39.49M53.04M4.35M
Current assets31.69M37.36M42.36M58.43M11.9M
Current liabilities3.83M5.04M2.77M7.81M3.57M
Accounts payable988K1.72M1.52M3.77M425K
Receivables734K1.17M734K1.6M1.35M
Inventories00000
Goodwill05.17M05.17M5.17M
Long-term debt00000

Cash Flow

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Operating cash flow-7.07M-4.69M-7.99M-9.42M-2.29M
Investing cash flow1.09M-21K-36K-290.02M-4.34M
Financing cash flow00-6.24M348.13M4.7M
Change in cash-5.98M-4.71M-14.26M48.69M-1.92M
Net income76.53M-90.95M-228.32M84.72M-2.35M
KindFilingDateLink
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
form 4Form 4 — Cary Nicolas ClaudeView Filing
form 4Form 4 — Highfield Tucker MontanaView Filing
form 4Form 4 — Suarez OscarView Filing
form 4Form 4 — Sohn EvanView Filing
edgar index3 — TON Strategy CoView Filing
edgar index8-K — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index4 — TON Strategy CoView Filing
form 4Form 4 — Wilson Kevin MarkView Filing
form 4Form 4 — Wilson Kevin MarkView Filing
form 4Form 4 — Olsen Sarah JosephineView Filing
form 4Form 4 — Wilson Kevin MarkView Filing
edgar index8-K — TON Strategy CoView Filing
edgar index10-Q — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index8-K — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index4/A — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
form 4Form 4 — Highfield Tucker MontanaView Filing
form 4Form 4 — Sohn EvanView Filing
form 4Form 4 — Olsen Sarah JosephineView Filing
form 4Form 4 — Olsen Sarah JosephineView Filing
form 4Form 4 — Marbach MaryView Filing
form 4Form 4 — Cary Nicolas ClaudeView Filing
form 4Form 4 — Wilson Kevin MarkView Filing
form 4Form 4 — Highfield Tucker MontanaView Filing
edgar indexS-8 — TON Strategy CoView Filing
edgar index8-K — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index8-K — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index8-K — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4/A — TON Strategy CoView Filing
edgar index4/A — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
form 4Form 4 — Marbach MaryView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
form 4Form 4 — Olsen Sarah JosephineView Filing
form 4Form 4 — Wilson Kevin MarkView Filing
form 4Form 4 — Sohn EvanView Filing
form 4Form 4 — Sohn EvanView Filing
form 4Form 4 — Wilson Kevin MarkView Filing
edgar index8-K — TON Strategy CoView Filing
edgar index10-Q — TON Strategy CoView Filing
eight k text8-K — 8-KView Filing
edgar index3 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar index4 — TON Strategy CoView Filing
edgar indexDEF 14A — TON Strategy CoView Filing
edgar indexDEFA14A — TON Strategy CoView Filing
edgar indexARS — TON Strategy CoView Filing
form 4Form 4 — Cary Nicolas ClaudeView Filing
form 4Form 4 — Highfield Tucker MontanaView Filing
form 4Form 4 — Marbach MaryView Filing
form 4Form 4 — Olsen Sarah JosephineView Filing
form 4Form 4 — Olsen Sarah JosephineView Filing
form 4Form 4 — Sohn EvanView Filing
edgar index8-K — TON Strategy CoView Filing