Gram (prev. Toncoin)

Rewards

TON Strategy Company, previously known as Verb Technology Company, said on Friday it repurchased 250,000 shares of its common stock under its $250 million buyback agreement.
<a href="https://www.businesswire.com/news/home/20250912905903/en/TON-Strategy-Company-Announces-Initial-Share-Repurchases-Under-%24250-Million-Program-Buying-Below-Treasury-Asset-Value-Per-Share-and-Start-of-Staking" rel="noopener noreferrer nofollow" target="_blank">According</a> to the announcement, TON Strategy Company repurchased the shares at $8.32 each, below the treasury asset value of $12.18. The buyback comes just weeks after it revealed a<a href="https://cointelegraph.com/news/altcoin-treasury-race-verb-ton-acquisition-company-dollar780m-assets" rel="noopener noreferrer nofollow" target="https://cointelegraph.com/news/altcoin-treasury-race-verb-ton-acquisition-company-dollar780m-assets"> $713 million reserve</a> of Toncoin (<a href="/toncoin-price-index" rel="noopener noreferrer nofollow" target="/toncoin-price-index">TON</a>) tokens on Aug. 21. TON Strategy says its buyback indicates “long-term confidence” in the TON ecosystem.
The TON token is the native cryptocurrency of The Open Network, a project that started in 2018 and was initially conceived to bring blockchain to messaging service Telegram. The crypto token is ranked No. 22 overall in market capitalization, with its price is declining 40.7% year-to-date, <a href="https://cointelegraph.com/toncoin-price-index" rel="noopener noreferrer nofollow" target="https://cointelegraph.com/toncoin-price-index">according to Cointelegraph indexes</a>.
The repurchases come as the company’s share price has fallen 21.6% since adopting the TON reserve treasury.
TON Strategy’s shares <a href="https://www.google.com/finance/quote/TONX:NASDAQ" rel="noopener noreferrer nofollow" target="https://www.google.com/finance/quote/TONX:NASDAQ">declined</a> 7.5% on the buyback announcement Friday.
<figure><img alt="TON Strategy launches $250M buyback while shares drop 7.5%" src="https://s3.cointelegraph.com/uploads/2025-09/01993eeb-da3b-78f4-878c-93402be5dd99" title="">
 <figcaption style="text-align: center;">TON Strategy Company share price on Friday. Source: <a href="https://www.google.com/finance/quote/TONX:NASDAQ" rel="noopener noreferrer nofollow" target="_blank">Google Finance</a>
 </figcaption>
</figure>
The company also announced the beginning of its staking operations to generate onchain income from its treasury holdings.
“Staking introduces a recurring revenue stream into our model, while buybacks allow us to enhance shareholder returns,” TON Strategy Company CEO Veronika Kapustina said in a statement.
Staking is the process of locking up cryptocurrency to support a blockchain network’s operations, such as validating transactions, in exchange for rewards. <a href="https://www.stakingrewards.com/asset/the-open-network/analytics" rel="noopener noreferrer nofollow" target="_blank">According</a> to Staking Rewards data, there are 340 validators actively staking on the TON network, with annual reward rates at 4.8% as of this writing.
Related: <a href="https://cointelegraph.com/news/pavel-durov-case-going-nowhere-slams-french-gov" rel="noopener noreferrer nofollow">Telegram founder Pavel Durov says case going nowhere, slams French gov</a>
<h2 id="ton-treasury-companies-and-other-dats">TON treasury companies and other DATs</h2>
TON Strategy Company became the first publicly traded company to start a Toncoin treasury in August. In July, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-24/ton-foundation-seeking-to-join-crypto-treasury-company-trend-toncoin" rel="noopener noreferrer nofollow" target="_blank">reported</a> that the TON Foundation and Kingsway Capital Partners, a London-based investment management firm, sought to raise at least $400 million to start a TON treasury company.
Crypto exchange Coinbase recently said that crypto treasury companies <a href="https://cointelegraph.com/news/crypto-treasuries-easy-money-ends-competition-boost-markets-coinbase" rel="noopener noreferrer nofollow">are entering a “player vs player” stage</a> where investor money will become harder to find.
The New York Digital Investment Group said Sunday that <a href="https://cointelegraph.com/news/crypto-treasuries-bumpy-ride-premium-nav-narrow-nydig" rel="noopener noreferrer nofollow">premiums are narrowing for such companies</a> and may continue to do so.
Magazine: <a href="https://cointelegraph.com/magazine/telegram-ceo-arrest-lawyers-debate-is-this-legal/" rel="noopener noreferrer nofollow">Crypto lawyers — Did Telegram’s Pavel Durov commit a crime?</a>

TON Strategy launches $250M buyback while shares drop 7.5%

Table of Contents

Cointelegraph

Other articles published on Sep 12, 2025

Join our free newsletter for daily crypto updates!