Treasury Staking
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TON Strategy Starts Share Buyback, Treasury Staking After Shares Plunge 40%
Yahoo Financeยท 2025-09-13 15:52
Group 1 - The company has repurchased over 250,000 shares of its common stock at $8.32 per share, significantly below its stated treasury asset value (TAV) of $12.18 [1] - This repurchase is part of a $250 million buyback program and aligns with the company's strategy to position toncoin (TON) as its primary treasury asset [2] - The company has initiated staking of its TON holdings to generate yield, with potential annual yield near $34 million if the entire treasury of 217.5 million TON tokens is staked, currently trading at $3.24 each [3] Group 2 - The company's shares have declined over 43% in the last 30 days, with a 9.2% drop in the most recent trading session [4] - However, there was a 3.7% increase in after-hours trading following the announcement [5]