TON Strategy Company, formerly known as Verb Technology Company Inc., has initiated a significant stock repurchase program. The Nasdaq-listed company (TONX) revealed that its board of directors unanimously approved the plan, authorizing the repurchase of up to $250 million of its common stock.
The buyback program will be conducted opportunistically. The company plans to use a combination of open market transactions and other permitted methods to acquire its shares. The number of shares and timing will depend on several factors, including market conditions, share price, and overall liquidity. The company is not obligated to repurchase a specific amount of stock.
Manuel Stotz, the Executive Chairman of TON Strategy Company, highlighted the company’s commitment to disciplined capital allocation. He emphasized that the goal is to boost shareholder value by increasing the Net Asset Value per share (NAV/share). He described a flexible approach, indicating that the company may issue stock to acquire Toncoin ($TON) if its stock trades at a premium to its NAV. Conversely, if the stock trades at a discount to its NAV, the company may repurchase its own shares. The buyback program offers the flexibility to implement this strategy.
The company’s name change and ticker symbol transition to TONX on September 2, 2025, marked a transition to a digital asset treasury strategy centered on Toncoin. This strategy involves accumulating Toncoin and providing investors with a way to participate in the TON ecosystem.
TON Strategy Company views TON as a unique blockchain project, natively integrated into the Telegram platform. This integration facilitates wallets, payments, and applications across Telegram’s more than one billion monthly active users. The company believes this integration positions TON as a noteworthy project at the intersection of cryptocurrency and social media. The company positions itself as a key infrastructure provider within this network.
Beyond its Toncoin holdings, TON Strategy Company retains legacy business units. These include MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, an AI-powered social commerce platform. Both businesses focus on enabling omnichannel livestream shopping experiences for brands and retailers.
The company’s financial statements and disclosures include information about its future plans and expectations. These forward-looking statements are subject to risks and uncertainties, and actual results may differ from those stated. Investors should review the company’s filings with the Securities and Exchange Commission (SEC) for more details regarding these risks.
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