TON Strategy Company has initiated a $250 million share buyback program and begun staking its Toncoin ($TON) holdings, despite its shares falling 7.5% following the announcement. The company repurchased 250,000 shares at $8.32 per share, significantly below its Treasury Asset Value (TAV) of $12.18 per share as of September 11, 2025.
Cantor Fitzgerald is serving as the buyback agent for the program, which was launched on September 8, 2025. Executive Chairman Manuel Stotz emphasized this as part of a "disciplined capital strategy" to enhance shareholder value and support tokenized ecosystems. The company has also begun staking its Toncoin holdings, anticipating approximately 4.8% annual rewards to generate ongoing income and strengthen network security.
Despite these initiatives, TON Strategy's stock has faced challenges, dropping 21% since it began holding Toncoin as its primary treasury reserve. Toncoin itself has declined 40.7% year-to-date, reflecting broader market volatility. CEO Veronika Kapustina described the moves as part of a "strategic, disciplined capital allocation playbook" aimed at long-term value creation.