TON Strategy (TONX)
Nasdaq Market Open
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.
Last updated
- Market Cap
- 212.56M
- P/E
- —
- P/FCF
- —
- P/S
- 12.71
- Enterprise Value
- 177.77M
- Sector
- —
- Industry
- —
- Address
- 2300 WEST SAHARA AVENUE, LAS VEGAS, NV, 89102
TON Strategy Company Highlights Launch of Acton Developer Toolchain for the TON Ecosystem
TON Strategy Company Sets Fourth Quarter and Full Year 2025 Conference Call for Tuesday, March 31, 2026 at 9:00 a.m. ET
Lucky Train Unveils Web3 project built on the TON blockchain that uses a staking-like participation model
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 212.56M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 177.77M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.67
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 12.71
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -5.31
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 10.63
- EPS
- -4.21
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -319.42M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -75.21%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -74.02%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 7.39
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 7.39
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 6.91
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 499.85K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 3.76
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 5.25M | 5.74M | 3.61M | 2.12M | 1.31M |
| Gross profit | 3.96M | 3.69M | 2.72M | 1.51M | 709K |
| Operating income | -3.89M | -9.14M | -21.71M | -2.93M | -2.66M |
| EBITDA | -3.87M | -5.67M | -21.37M | -2.6M | -2.37M |
| Net income | -91.04M | -227.88M | 83.27M | -2.46M | -2.56M |
| Basic EPS | -1.56 | -11.82 | 2.23 | -1.79 | -2.51 |
| Diluted EPS | -1.56 | -11.81 | 2.23 | -1.79 | -2.51 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 321.66M | 411.16M | 661.88M | 23.66M | 18.37M |
| Total liabilities | 5.1M | 4.77M | 22.42M | 4.31M | 3.83M |
| Total equity | 316.57M | 406.4M | 639.46M | 19.35M | 14.54M |
| Cash & equivalents | 34.78M | 39.49M | 53.04M | 4.35M | 6.28M |
| Current assets | 37.19M | 42.2M | 57.55M | 11.02M | 13.37M |
| Current liabilities | 5.04M | 4.59M | 7.81M | 3.57M | 3.64M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -4.69M | -7.99M | -9.42M | -2.29M | -1.07M |
| Investing cash flow | -21K | -36K | -290.02M | -4.34M | -152K |
| Financing cash flow | — | -6.24M | 348.13M | 4.7M | -118K |
| Change in cash | -4.71M | -14.26M | 48.69M | -1.92M | -1.34M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — TON Strategy Co | View Filing | |
| edgar index | 4/A — TON Strategy Co | View Filing | |
| edgar index | 4/A — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — Marbach Mary | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — Olsen Sarah Josephine | View Filing | |
| form 4 | Form 4 — Wilson Kevin Mark | View Filing | |
| form 4 | Form 4 — Sohn Evan | View Filing | |
| form 4 | Form 4 — Sohn Evan | View Filing | |
| form 4 | Form 4 — Wilson Kevin Mark | View Filing | |
| edgar index | 8-K — TON Strategy Co | View Filing | |
| edgar index | 10-Q — TON Strategy Co | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — Cary Nicolas Claude | View Filing | |
| form 4 | Form 4 — Highfield Tucker Montana | View Filing | |
| form 4 | Form 4 — Marbach Mary | View Filing | |
| form 4 | Form 4 — Olsen Sarah Josephine | View Filing | |
| form 4 | Form 4 — Olsen Sarah Josephine | View Filing | |
| form 4 | Form 4 — Sohn Evan | View Filing | |
| edgar index | 8-K — TON Strategy Co | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| form 3 | Form 3 — ARISTEIA CAPITAL, L.L.C. | View Filing | |
| form 3 | Form 3 — Lynch Robert H. Jr. | View Filing | |
| form 3 | Form 3 — Hla Jonathan M. | View Filing | |
| form 3 | Form 3 — Techar William R. | View Filing | |
| form 3 | Form 3 — Frascella Anthony M. | View Filing | |
| edgar index | SCHEDULE 13G/A — TON Strategy Co | View Filing | |
| edgar index | 8-K/A — TON Strategy Co | View Filing | |
| edgar index | 8-K — TON Strategy Co | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — TON Strategy Co | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G — TON Strategy Co | View Filing | |
| edgar index | 8-K — TON Strategy Co | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| edgar index | 3 — TON Strategy Co | View Filing | |
| form 3 | Form 3 — Rivard Bill John | View Filing | |
| form 3 | Form 3 — Rivard Bill John | View Filing | |
| form 3 | Form 3 — Marbach Mary | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| edgar index | 4/A — TON Strategy Co | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| edgar index | 4 — TON Strategy Co | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing | |
| form 4 | Form 4 — CUTAIA RORY J. | View Filing |