LAS VEGAS, Jan. 08, 2026 (GLOBE NEWSWIRE) -- TON Strategy Company (Nasdaq: TONX), a digital asset treasury company dedicated to holding Toncoin ($TON), today announced the appointments of Mary L. Marbach as General Counsel and Corporate Secretary and Bill J. Rivard as Chief Accounting Officer, effective January 5, 2026. Ms. Marbach brings more than two decades of experience leading legal, governance, and regulatory functions for public and growth-stage companies. Marbach was most recently the General Counse ...

Core Viewpoint - TON Strategy Company (NASDAQ: TONX) has announced that Coinbase Markets will begin spot trading for Toncoin ($TON) on November 18, 2025, across various platforms, which is expected to enhance the liquidity and accessibility of $TON in the market [1] Group 1 - TON Strategy Company is a digital asset treasury company focused on holding Toncoin ($TON) [1] - Coinbase Markets will facilitate the spot trading of $TON, including on retail, advanced, institutional, and international platforms [1] - The $TON-USD trading pair will be available starting at or after 9:00 a.m. PT on the launch date, contingent on liquidity conditions [1]

Core Insights - TON Strategy Company reported significant growth in revenue and net income for Q3 2025, marking a successful operational launch of its TON Treasury Strategy [5][6][7] Financial Performance - Revenue for Q3 2025 reached $3.6 million, a substantial increase from $0.1 million in Q3 2024, with $707,000 generated from staking activities [5] - Gross profit was $2.7 million, representing 75.4% of revenue, compared to $74,000 (57.8% of revenue) in Q3 2024 [5] - Total costs and expenses surged to $25.3 million from $2.4 million in Q3 2024, primarily due to non-cash stock-based compensation and treasury implementation costs [5] - The net gain on crypto assets was $120.4 million, with net income reported at $84.7 million, a significant turnaround from a net loss of $2.0 million in Q3 2024 [6] Treasury Operations - The company acquired 217.5 million units of $TON and staked 177.1 million units as of September 30, 2025, earning 336,000 units in staking rewards [8] - Digital assets held had a fair value of $588.2 million, with cash and restricted cash totaling $53.9 million [6][8] - The company initiated its TON Treasury Strategy in August 2025, utilizing proceeds from a $558 million private placement to acquire $TON and commence staking [3][10] Strategic Initiatives - The company aims to build a differentiated public company aligned with the expansion of The Open Network by holding and staking $TON over a long-term horizon [7] - A stock buyback program of up to $250 million was approved, with 1,984,072 shares repurchased at prices below book value [8] - The company rebranded as TON Strategy Company and began trading on Nasdaq under the ticker TONX on September 2, 2025 [8]

Core Insights - The company, formerly known as Verb Technology Company, has rebranded to TON Strategy Company and began trading as TONX on the Nasdaq Capital Market on September 2, 2025 [2] - TONX's strategy focuses on accumulating Toncoin ($TON) and providing public market equity investors access to this unique asset class, leveraging its integration with Telegram, a platform with one billion users [3][4] Company Strategy - The company aims to steadily expand its $TON treasury through various means, including capital raising transactions, staking rewards, and open market purchases [4] - TONX positions itself as a significant infrastructure provider within the TON blockchain ecosystem, capitalizing on its unique integration with Telegram for digital wallets, payments, and applications [3] Legacy Operations - In addition to its digital asset strategy, the company continues to operate legacy business units such as MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, which focuses on AI-powered social commerce [5]

Core Viewpoint - Verb Technology Company, Inc. is positioning itself to become the first publicly traded treasury reserve of Toncoin ($TON) through an upsized and oversubscribed private placement (PIPE transaction) [1][2][7] Group 1: PIPE Transaction Details - The company has entered into a PIPE transaction for approximately 58.7 million shares at a price of $9.51 per share, aiming for gross proceeds of about $558 million [2][7] - The majority of the net proceeds will be used to acquire $TON, establishing it as the primary treasury reserve asset [2][9] - The transaction is expected to close around August 7, 2025, subject to customary conditions [2][9] Group 2: Strategic Partnerships and Ecosystem - The TON blockchain will exclusively power Telegram's ecosystem, facilitating transactions for millions of creators and developers [3][4] - Telegram has over one billion monthly active users, making it a significant platform for $TON [3][7] - The company will benefit from a strategic partnership with Kingsway Capital and Blockchain.com, enhancing its institutional and crypto expertise [5][6][7] Group 3: Leadership and Expertise - The incoming leadership team includes Manuel Stotz as Executive Chairman, who has significant experience in the crypto industry [6][7] - Peter Smith, CEO of Blockchain.com, will serve as a special advisor, bringing additional expertise to the company [5][13] Group 4: Market Position and Future Plans - The company aims to be one of the largest holders of $TON globally, generating sustainable staking rewards [2][4] - The updated treasury strategy will be effective immediately after the transaction closes, emphasizing transparency and compliance [9][14] - The company plans to provide updates on the acquisition of $TON and governance measures in the coming weeks [9]